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

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

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

Shares of LON EVR opened at GBX 618.20 ($8.08) on Wednesday. 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 debt-to-equity ratio of 235.45, a current ratio of 1.52 and a quick ratio of 0.87. The company’s fifty day moving average price is GBX 638.99. The stock has a market cap of $8.92 billion and a PE ratio of 3.75.

In related news, insider Alexander Frolov sold 4,165,362 shares of the stock in a transaction dated 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 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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