Is Buying EVRAZ plc Here a Winning Strategy?

 Is Buying EVRAZ plc Here a Winning Strategy?

The stock of EVRAZ plc (LON:EVR) is a huge mover today! The stock increased 0.30% or GBX 0.59 on November 8, hitting GBX 198.79. About 3.25M shares traded hands or 12.46% up from the average. EVRAZ plc (LON:EVR) has risen 112.89% since April 8, 2016 and is uptrending. It has outperformed by 110.93% the S&P500.
The move comes after 6 months positive chart setup for the GBX 2.81 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 290.23 PT which if reached, will make LON:EVR worth GBX 1.29B more.

EVRAZ plc (LON:EVR) Ratings Coverage

Out of 7 analysts covering Evraz Plc (LON:EVR), 1 rate it a “Buy”, 6 “Sell”, while 0 “Hold”. This means 14% are positive. GBX 140 is the highest target while GBX 30 is the lowest. The GBX 80.83 average target is -59.34% below today’s (GBX 198.79) stock price. Evraz Plc has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Neutral” rating and GBX 80 target price in Tuesday, November 10 report. The firm has “Outperform” rating given on Friday, July 1 by Credit Suisse. The stock of EVRAZ plc (LON:EVR) has “Underweight” rating given on Thursday, April 28 by JP Morgan. The stock has “Sell” rating given by UBS on Friday, October 9. The firm has “Equal Weight” rating given on Wednesday, October 21 by Barclays Capital. The company was maintained on Monday, February 8 by Credit Suisse. The stock of EVRAZ plc (LON:EVR) earned “Hold” rating by Jefferies on Thursday, September 3. The stock of EVRAZ plc (LON:EVR) has “Underperform” rating given on Friday, August 19 by Jefferies. The company was maintained on Friday, July 1 by Jefferies. The rating was downgraded by Jefferies on Wednesday, January 13 to “Underperform”.

Another recent and important EVRAZ plc (LON:EVR) news was published by Fool.Co.Uk which published an article titled: “Is Evraz plc a better buy than Rio Tinto plc and BHP Billiton plc after today …” on August 18, 2016.

EVRAZ plc is a United Kingdom-based steel, mining and vanadium company. The company has a market cap of 2.81 billion GBP. The Company’s principal activities include manufacturing steel and steel products, iron ore mining and enrichment, coal mining, manufacturing vanadium products, and trading activities and logistics. It currently has negative earnings. The Firm has four divisions: Steel; Steel, North America; Coal, and Other Operations.

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