Where Does Wall Street Think Gerdau SA ADR (GGB) Stock Will Go?

Thursday, September 23, 2021 11:25 AM | InvestorsObserver Analysts

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InvestorsObserver is giving Gerdau SA ADR (GGB) an Analyst Rating Rank of 29, meaning GGB is ranked higher by analysts than 29% of stocks. The average price target for GGB is $7.7 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating GGB a Buy today. Find out what this means to you and get the rest of the rankings on GGB!
See Full GGB Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Gerdau SA ADR Stock Today?

Gerdau SA ADR (GGB) stock is trading at $5.03 as of 11:15 AM on Thursday, Sep 23, a rise of $0.28, or 5.78% from the previous closing price of $4.76. The stock has traded between $4.70 and $5.07 so far today. Volume today is below average. So far 5,104,775 shares have traded compared to average volume of 8,766,787 shares. Click Here to get the full Stock Report for Gerdau SA ADR stock.

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