EVRAZ plc (LON:EVR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $604.02 and traded as low as $472.90. EVRAZ shares last traded at $483.10, with a volume of 4,129,176 shares trading hands.
A number of research analysts recently commented on EVR shares. JPMorgan Chase & Co. increased their price target on EVRAZ from GBX 450 ($5.88) to GBX 515 ($6.73) and gave the company an “underweight” rating in a report on Friday, August 9th. Goldman Sachs Group cut their price objective on EVRAZ from GBX 500 ($6.53) to GBX 460 ($6.01) and set a “sell” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup cut EVRAZ to a “sell” rating and cut their price objective for the company from GBX 611 ($7.98) to GBX 530 ($6.93) in a research note on Tuesday, June 18th.
The company has a 50 day simple moving average of GBX 590.90 and a 200-day simple moving average of GBX 603.89. The stock has a market cap of $7.01 billion and a price-to-earnings ratio of 4.40. The company has a quick ratio of 0.87, a current ratio of 1.67 and a debt-to-equity ratio of 196.51.
In other EVRAZ news, insider Alexander Frolov sold 4,165,362 shares of the company’s stock in a transaction that occurred 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 Company Profile (LON:EVR)
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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