11

Consensus Estimates

EBITDA* FY 2019E FY 2020E
Consensus 2,977 2,706
Max 3,549 3,712
Min2,344 2,244


Target price (TP)* GBp
Consensus 542
Max670
Min485

RECOMMENDATIONS OF ANALYSTS

Broker Date Recommendation Target price, GBp
Aton28-Feb-19hold580
BaML01-Mar-19sell485
BCS18-Apr-19sell500
Citi 29-Mar-19 hold 611
Gazprombank24-Feb-19hold529
Goldman Sachs 01-May-19 sell 550
JP Morgan25-Mar-19sell520
Morgan Stanley 13-May-19 sell 500
Renaissance Capital 09-May-19 buy 670
VTB Capital 20-May-19 buy 670
Sberbank
28-Feb-19
hold594
Sova Capital14-Jun-19hold530
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: 14 June 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.