Evraz (EVR) Hits New 52-Week High at $468.90

Evraz (LON:EVR)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 468.90 ($6.58) and last traded at GBX 450.50 ($6.32), with a volume of 4858958 shares changing hands. The stock had previously closed at GBX 450.40 ($6.32).

Several research firms recently commented on EVR. Jefferies Group upgraded Evraz to a “hold” rating and upped their target price for the company from GBX 275 ($3.86) to GBX 425 ($5.97) in a research note on Friday, March 2nd. Goldman Sachs upgraded Evraz to a “buy” rating and upped their target price for the company from GBX 300 ($4.21) to GBX 430 ($6.04) in a research note on Monday, February 12th.

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The firm also recently announced a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a yield of 4.87%.

In other Evraz news, insider Nikolay Ivanov sold 40,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of GBX 444 ($6.23), for a total transaction of £177,600 ($249,298.15). Also, insider Alexander Abramov sold 7,140 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of GBX 442 ($6.20), for a total value of £31,558.80 ($44,299.27).

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About Evraz

EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. The company operates through four segments: Steel; Steel, North America; Coal; and Other Operations. Its 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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