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Consensus Estimates

EBITDA* FY 2018E FY 2019E
Consensus 3,628 2,758
Max 4,194 3,757
Min2,802 2,000


Target price (TP)* GBp
Consensus 544
Max758
Min430

RECOMMENDATIONS OF ANALYSTS

Broker Date Recommendation Target price, GBp
Aton21-Sep-18hold580
BaML19-Nov-18hold580
BCS18-Dec-18sell430
Citi 23-Oct-18 buy 660
Gazprombank24-Dec-18hold529
Goldman Sachs 31-Jan-19 hold 550
Jefferies International 22-Jan-19 hold 480
Morgan Stanley 15-Jan-19 hold 500
Renaissance Capital 31-Jan-19 buy 640
Veles Capital31-Oct-18buy758
VTB Capital 04-Feb-19 sell 450
Sberbank
31-Jan-19
hold599
Sova Capital27-Jul-18sell460
Wood 25-Oct-18 buy502

* Consensus EBITDA and TP are calculated on the basis of last 6-months broker reports with cutting off highest and lowest estimates to calculate arithmetic average.

Last update: 11 February 2019

This document has been issued by EVRAZ plc for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various independent analysts regarding EVRAZ’s revenues, earnings and business development. Such estimates and forecasts cannot be independently verified by reason of their subjective nature. EVRAZ plc gives no guarantee, representation or warranty and is not responsible or liable in any way as to the accuracy and completeness of this document.