Evraz PT Lowered to GBX 116 (EVR)
Equities researchers at JPMorgan Chase & Co. reduced their target price on shares of Evraz (LON:EVR) from GBX 252 ($3.94) to GBX 116 ($1.81) in a research report issued on Tuesday, American Banking & Market News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 13.30% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Evraz (LON:EVR) in a research note to investors on Thursday, August 29th. They now have a GBX 100 ($1.56) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Evraz (LON:EVR) from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, August 28th. They now have a GBX 109 ($1.70) price target on the stock, down previously from GBX 340 ($5.32). Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Evraz (LON:EVR) in a research note to investors on Wednesday, July 17th.
Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Evraz has a consensus rating of “Hold” and a consensus price target of GBX 147.84 ($2.31).
Evraz (LON:EVR) traded up 0.22% on Tuesday, hitting GBX 133.80. The stock had a trading volume of 2,364,948 shares. Evraz has a 1-year low of GBX 89.60 and a 1-year high of GBX 329.671. The stock has a 50-day moving average of GBX 114.3 and a 200-day moving average of GBX 153..
EVRAZ plc is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, the United States, Canada, Czech Republic, Italy and South Africa.
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