JPMorgan Chase & Co. Cuts EVRAZ (LON:EVR) Price Target to GBX 450

EVRAZ (LON:EVR) had its price target reduced by JPMorgan Chase & Co. from GBX 500 ($6.53) to GBX 450 ($5.88) in a research report report published on Wednesday morning, Digital Look reports. They currently have an underweight rating on the stock.

Separately, Citigroup cut EVRAZ from a neutral rating to a sell rating in a research note on Tuesday, June 18th.

LON EVR opened at GBX 618.20 ($8.08) on Wednesday. The company has a market cap of $8.92 billion and a PE ratio of 3.75. EVRAZ has a one year low of GBX 435.50 ($5.69) and a one year high of GBX 710.20 ($9.28). The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 235.45. The business’s fifty day simple moving average is GBX 638.99.

In other news, insider Alexander Frolov sold 4,165,362 shares of EVRAZ stock in a transaction on Thursday, June 20th. The stock was sold at an average price of GBX 635 ($8.30), for a total transaction of £26,450,048.70 ($34,561,673.46).


EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. It operates through four segments: Steel; Steel, North America; Coal; and Other Operations. The company's products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.

Recommended Story: What moving averages are used to define a golden cross?

Receive News & Ratings for EVRAZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVRAZ and related companies with's FREE daily email newsletter.