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What is Wall Street's Target Price for Companhia Siderurgica Nacional SA (SID) Stock Monday?

Monday, November 28, 2022 12:39 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Companhia Siderurgica Nacional SA (SID) Stock Monday?

Analysts who follow Companhia Siderurgica Nacional SA (SID) on average expect it to climb 53.99% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns SID an Analyst Ranking of 19, which means it ranks higher than 19 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating SID a Buy today. Find out what this means to you and get the rest of the rankings on SID!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Companhia Siderurgica Nacional SA Stock Today?

Companhia Siderurgica Nacional SA (SID) stock is trading at $2.76 as of 12:38 PM on Monday, Nov 28, a drop of -$0.07, or -2.47% from the previous closing price of $2.83. The stock has traded between $2.68 and $2.78 so far today. Volume today is less active than usual. So far 1,558,433 shares have traded compared to average volume of 4,529,233 shares. Click Here to get the full Stock Report for Companhia Siderurgica Nacional SA stock.

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