Gazprom stocks expected to grow

The growth of Gazprom stocks over the past several days seems to be connected with the optimistic disposition of traders due to the current news background of the company. Observing the situation at this segment of the financial market over the past few days, one may point out that despite the negative news from world markets, the purchases of the gas monopolist stocks are continuing to take place against the background of the unwillingness of the majority of traders to sell their securities. This opinion was voiced in an interview with RBC by specialists forecasting the trading of Gazprom stocks. If the growth expectations are justified, soon the prices for the stocks of this issuer will rise to RUR35.00-37.00 (about $1.12-1.18). That is why their current level of RUR31.00-31.80 (about $0.99-1.02) is still good for buying. But as there is stable demand for these stocks on the market, one may expect the continuation of price growth and their reaching a level higher than the one forecasted.

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Author`s name Editorial Team