Shares of EVRAZ plc (LON:EVR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $498.30. EVRAZ shares last traded at $503.00, with a volume of 3,225,080 shares traded.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of EVRAZ from GBX 450 ($5.88) to GBX 515 ($6.73) and gave the stock an “underweight” rating in a research report on Friday, August 9th. Citigroup downgraded shares of EVRAZ to a “sell” rating and decreased their price target for the stock from GBX 611 ($7.98) to GBX 530 ($6.93) in a research report on Tuesday, June 18th. Finally, Goldman Sachs Group decreased their price target on shares of EVRAZ from GBX 500 ($6.53) to GBX 460 ($6.01) and set a “sell” rating for the company in a research report on Monday, August 12th.
The business has a 50 day simple moving average of GBX 628.07. The stock has a market cap of $7.30 billion and a PE ratio of 4.58. The company has a quick ratio of 0.87, a current ratio of 1.67 and a debt-to-equity ratio of 196.51.
The business also recently announced a dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.35 dividend. This represents a yield of 4.73%. The ex-dividend date of this dividend is Thursday, August 15th. EVRAZ’s payout ratio is 1.00%.
In related news, insider Alexander Frolov sold 4,165,362 shares of EVRAZ stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of GBX 635 ($8.30), for a total transaction of £26,450,048.70 ($34,561,673.46).
About EVRAZ (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.
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