The price of the EVRAZ stock (EVR) has been rising for the past five days despite the growing tension between Russia and Ukraine that is threatening the share prices of the majority of European and Russian-based companies amid fears of a full-blown war.
Following the strong performance of the EVRAZ stock, analysts foresee a continuation of the bullish trend at least in the first quarter of 2022.
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To help stock traders who want to invest in the EVRAZ stock (EVR), Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is EVRAZ stock?
EVRAZ stock is the stock of Evraz Plc Mining Company and it trades on London Stock Exchange under the ticker LON: EVR.
In a nutshell, EVRAZ plc is a British multinational steel mining and manufacturing company. Its headquarters are in London, UK, and also operates in Russia, Ukraine, Italy, Kazakhstan, Czech Republic, Canada, the United States, and South Africa.
EVRAZ plc is also a constituent of the FTSE 100 Index.
Should I buy the NAB stock today?
If you are looking to take advantage of a stock whose price has been on a constant rise in the past few days, then the $EVR stock could be a good choice.
However, the growing tension between Russia and Ukraine is are looping in other players including the United States and the European countries is threatening the stock and it could drop if war broke out.
EVR stock price prediction
Based on a forecast from several stock analysts, the price of EVRAZ stock (EVR) is expected to continue rising least for the remaining part of February especially since it has sustained the immense pressure resulting from the heightened tensions between Russia and Ukraine.
It is expected to hit £330 by end of February if it maintains the current bullish trend.
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