5 Best UK Stocks To Invest In Now

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In this article, we discuss the 5 best UK stocks to invest in now. In order to read our detailed analysis of these stocks and the latest market situation, go directly to 11 Best UK Stocks To Invest In Now.

5. Ferroglobe PLC (NASDAQ:GSM)

Number of Hedge Fund Holders: 28

Ferroglobe PLC (NASDAQ:GSM) is up next on our list of the best UK stocks to buy now. The firm provides specialty and silicon chemicals to a range of industries such as steelmaking, electronics, healthcare and personal care products.

Of the 924 hedge funds tracked by Insider Monkey, 28 held stakes in Ferroglobe PLC (NASDAQ:GSM) at the end of the fourth quarter with a combined value of $273.4 million. This shows growing investor confidence over the previous quarter where 24 hedge funds held $304.7 million worth of positions in the company.

On February 14, Seaport Global analyst Martin Englert initiated coverage of Ferroglobe PLC (NASDAQ:GSM) with a ‘Buy’ rating and set a $16 price target. The analyst sees the “historic run” in silicon and ferroalloys prices resulting in substantial improvement for the firm’s EBITDA and free cash flow in 2022. As of May 4, shares of Ferroglobe PLC (NASDAQ:GSM) have gained 56.67% in the last 12 months, and 2.49% in the year to date.

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