EVRAZ (EVR) Sets New 52-Week High at $671.40

EVRAZ plc (LON:EVR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 671.40 ($8.77) and last traded at GBX 659.80 ($8.62), with a volume of 3640014 shares changing hands. The stock had previously closed at GBX 644.80 ($8.43).

EVR has been the topic of a number of recent analyst reports. Goldman Sachs Group lifted their price target on shares of EVRAZ from GBX 550 ($7.19) to GBX 600 ($7.84) and gave the stock a “neutral” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. initiated coverage on shares of EVRAZ in a research report on Monday, March 25th. They set an “underweight” rating and a GBX 520 ($6.79) price target on the stock. Finally, Citigroup cut shares of EVRAZ to a “neutral” rating and set a GBX 611 ($7.98) price target on the stock. in a research report on Friday, March 29th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 560.25 ($7.32).

The stock has a market cap of $9.52 billion and a P/E ratio of 4.00. The company has a debt-to-equity ratio of 235.45, a quick ratio of 0.87 and a current ratio of 1.52.

The business also recently disclosed a dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 7th were given a $0.40 dividend. This is a boost from EVRAZ’s previous dividend of $0.25. This represents a yield of 5.4%. The ex-dividend date was Thursday, March 7th. EVRAZ’s payout ratio is currently 0.68%.

In other EVRAZ news, insider Nikolay Ivanov sold 70,000 shares of EVRAZ stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of GBX 608 ($7.94), for a total value of £425,600 ($556,121.78). Also, insider Alexander Abramov sold 8,470,900 shares of EVRAZ stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of GBX 595 ($7.77), for a total transaction of £50,401,855 ($65,858,950.74).

COPYRIGHT VIOLATION NOTICE: “EVRAZ (EVR) Sets New 52-Week High at $671.40” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2019/04/17/evraz-evr-sets-new-52-week-high-at-671-40.html.

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.

Read More: Trading Options- What is a Strangle?

Receive News & Ratings for EVRAZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVRAZ and related companies with MarketBeat.com's FREE daily email newsletter.