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

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

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

Shares of EVRAZ stock opened at GBX 618.20 ($8.08) on Wednesday. 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 has a market cap of $8.92 billion and a price-to-earnings ratio of 3.75. The firm’s 50-day moving average price is GBX 638.99. EVRAZ has a 12 month low of GBX 435.50 ($5.69) and a 12 month high of GBX 710.20 ($9.28).

In related news, insider Alexander Frolov sold 4,165,362 shares of the firm’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).

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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