OREANDA-NEWS. On Thursday, July 4, Gazprom shares reached a maximum price in 11 years of exchange trading. At the peak of 2019, securities were trading at $ 25.4 per share. The gain in relation to the previous day was 1.5%. Gazprom’s market capitalization exceeded $ 6 trillion. The trading volume of gas giant stocks rose significantly and by the middle of the day exceeded the usual average daily level. So expensive the company has not cost since 2008. On May 22, 2008, the market value of the Russian gas producer reached $ 8.75 trillion ($ 369 billion). At that time, Gazprom shares were valued at $ 36.5.

Gazprom is the most expensive company in the Russian market. The second cost is Sberbank with a capitalization of $ 5.5 trillion. The market value of Rosneft is $ 4.4 trillion, LUKOIL - $ 4.02 trillion, NOVATEK - $ 3.9 trillion.

The dividends of Gazprom doubled and exceeded $ 16. After 2020, the amount of dividends can rise to $ 23-24 per share, which corresponds to 9% yield, said George Vaschenko from the financial media. Demand for all Russian assets increased. Due to this, on Thursday the Moscow Exchange index set a new historical record at 2831 points. Shares of Gazprom rose with the entire market. The big players decided not to sell Gazprom shares. Because of this, the demand for securities exceeds supply, which leads to an increase in value, Vashchenko explained.

Investment companies have begun to raise recommendations for Gazprom shares. Now the target level of specialized experts surveyed by Refinitiv is $ 23 per share. The papers have already exceeded this mark. After the publication of the financial statements for the second quarter of 2019, the recommendation is likely to be increased, believes Vashchenko. Freedom Finance analysts expect quotes to grow by another 10% in the coming year. Target level - $ 280 per share.