EVRAZ (LON:EVR) Price Target Raised to GBX 515 at JPMorgan Chase & Co.

EVRAZ (LON:EVR) had its price objective increased by JPMorgan Chase & Co. from GBX 450 ($5.88) to GBX 515 ($6.73) in a research note published on Friday, Digital Look reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Separately, Citigroup downgraded EVRAZ to a sell rating and dropped their price objective for the stock from GBX 611 ($7.98) to GBX 530 ($6.93) in a research note on Tuesday, June 18th.

EVRAZ stock traded down GBX 54.80 ($0.72) during mid-day trading on Friday, hitting GBX 562.80 ($7.35). 3,891,748 shares of the company’s stock were exchanged, compared to its average volume of 3,580,000. The firm has a market capitalization of $8.91 billion and a price-to-earnings ratio of 3.41. EVRAZ has a fifty-two week low of GBX 435.50 ($5.69) and a fifty-two week 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 company has a 50 day moving average price of GBX 646.84.

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

In other EVRAZ 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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