11

Consensus Estimates

EBITDA* FY 2019E FY 2020E
Consensus 2,917 2,613
Max 3,549 3,712
Min2,000 1,312


Target price (TP)* GBp
Consensus 536
Max660
Min430

RECOMMENDATIONS OF ANALYSTS

Broker Date Recommendation Target price, GBp
Aton28-Feb-19hold580
BaML01-Mar-19sell485
BCS28-Feb-19sell430
Citi 29-Mar-19 hold 611
Gazprombank24-Feb-19hold529
Goldman Sachs 28-Feb-19 hold 600
JP Morgan25-Mar-19sell520
Morgan Stanley 26-Mar-19 hold 560
Renaissance Capital 11-Mar-19 buy 660
VTB Capital 28-Feb-19 sell 450
Sberbank
28-Feb-19
hold594
Sova Capital28-Feb-19sell460
Wood 28-Feb-19 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: 01 April 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.