Evraz’s Outperform Rating Reaffirmed at Credit Suisse (EVR)
Evraz (LON:EVR)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Monday, American Banking News reports. They currently have a GBX 150 ($2.41) target price on the stock. Credit Suisse’s price target would indicate a potential upside of 21.65% from the company’s current price.
Evraz (LON:EVR) opened at 123.40 on Monday. Evraz has a one year low of GBX 89.60 and a one year high of GBX 329.671. The stock has a 50-day moving average of GBX 121.9 and a 200-day moving average of GBX 148.0.
EVR has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Evraz from GBX 252 ($4.04) to GBX 116 ($1.86) in a research note to investors on Tuesday, September 10th. They now have an “underweight” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Evraz in a research note to investors on Thursday, August 29th. They now have a GBX 100 ($1.60) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Evraz from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, August 28th. They now have a GBX 109 ($1.75) price target on the stock, down previously from GBX 340 ($5.45). Five research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 132.53 ($2.13).
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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