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).

About EVRAZ

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.

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