The stock of EVRAZ plc (LON:EVR) hit a new 52-week high and has GBX 286.05 target or 4.00% above today’s GBX 275.05 share price. The 5 months bullish chart indicates low risk for the GBX 3.93B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 286.05 price target is reached, the company will be worth GBX 157.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.66% or GBX 12.25 on November 23, hitting GBX 275.05. About 3.83 million shares traded hands or 42.91% up from the average. EVRAZ plc (LON:EVR) has risen 82.25% since April 25, 2016 and is uptrending. It has outperformed by 76.92% the S&P500.
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 -70.61% below today’s (GBX 275.05) stock price. Evraz Plc has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, April 28 by JP Morgan. Jefferies maintained EVRAZ plc (LON:EVR) rating on Tuesday, October 25. Jefferies has “Underperform” rating and GBX 80 price target. As per Monday, November 23, the company rating was downgraded by Barclays Capital. The rating was maintained by Citigroup with “Sell” on Friday, August 26. The rating was upgraded by Credit Suisse on Friday, July 1 to “Outperform”. Barclays Capital maintained it with “Equal Weight” rating and GBX 100 target price in Wednesday, October 21 report. The firm earned “Sell” rating on Thursday, March 17 by Deutsche Bank. On Friday, October 30 the stock rating was maintained by JP Morgan with “Underweight”. Jefferies maintained EVRAZ plc (LON:EVR) on Friday, August 28 with “Hold” rating. Jefferies maintained the stock with “Underperform” rating in Friday, February 5 report.
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 3.93 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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