In this article we will quickly re-cap the broker forecasts for Ceres Power Holdings (LON:CWR).
The Ceres Power Holdings share price has risen by 13.6% over the past month and it’s currently trading at 1243. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Ceres Power Holdings currently has:
- 5 Buy recommendations
- 0 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Questioning broker positivity
At its current price of 1243, shares in Ceres Power Holdings are trading at a discount of -22.6% to its 52 week high price. The 1-year performance of the shares has been 274.7%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Ceres Power Holdings it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Ceres Power Holdings that you can find out about here.