VTB Bank Downgrades EVRAZ (EVR) to Sell

EVRAZ (LON:EVR) was downgraded by stock analysts at VTB Bank to a “sell” rating in a report released on Friday.

EVR has been the subject of several other reports. Credit Suisse Group cut shares of EVRAZ to an “underperform” rating in a research note on Monday, May 21st. Morgan Stanley raised shares of EVRAZ to an “equal weight” rating and lifted their target price for the stock from GBX 100 ($1.29) to GBX 510 ($6.60) in a research note on Friday, June 29th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of EVRAZ in a research note on Friday, April 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. EVRAZ has a consensus rating of “Hold” and an average target price of GBX 455 ($5.89).

EVR stock opened at GBX 510 ($6.60) on Friday. EVRAZ has a one year low of GBX 169.80 ($2.20) and a one year high of GBX 462.60 ($5.99).

In other news, insider Nikolay Ivanov sold 69,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of GBX 511 ($6.61), for a total transaction of £352,590 ($456,427.18).

EVRAZ Company Profile

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.

Further Reading: Dividend

Analyst Recommendations for EVRAZ (LON:EVR)

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