EVRAZ (LON:EVR) Price Target Cut to GBX 460 by Analysts at Goldman Sachs Group

EVRAZ (LON:EVR) had its price target reduced by Goldman Sachs Group from GBX 500 ($6.53) to GBX 460 ($6.01) in a research note released on Monday, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.

Several other analysts also recently weighed in on EVR. JPMorgan Chase & Co. boosted their price objective on shares of EVRAZ from GBX 450 ($5.88) to GBX 515 ($6.73) and gave the stock an underweight rating in a research report on Friday, August 9th. Citigroup downgraded shares of EVRAZ to a sell rating and reduced their price objective for the stock from GBX 611 ($7.98) to GBX 530 ($6.93) in a research report on Tuesday, June 18th.

Shares of LON:EVR opened at GBX 498.90 ($6.52) on Monday. The stock has a market cap of $7.20 billion and a P/E ratio of 3.02. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 235.45. EVRAZ has a twelve month low of GBX 435.50 ($5.69) and a twelve month high of GBX 710.20 ($9.28). The business’s 50 day moving average is GBX 630.93.

The business also recently disclosed a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 4.73%. EVRAZ’s dividend payout ratio is presently 0.68%.

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

EVRAZ Company Profile

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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