Brokers bullish on Jindal Steel And Power shares
The Jindal Steel And Power (NSI:JINDALSTEL) share price has risen by 18.9% over the past month and it’s currently trading at 171.25. 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, Jindal Steel And Power currently has:
- 9 Buy recommendations
- 1 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Researching beyond analyst forecasts
At its current price of 171.25, shares in Jindal Steel And Power are trading at a discount of -16.4% to its 52 week high price. The 1-year performance of the shares has been 26.3%.
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 Jindal Steel And Power it's worth doing some investigation yourself.
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 Jindal Steel And Power it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Jindal Steel And Power that you can find out about here.
About us
Stockopedia helps individual investors make confident, profitable choices in the stock market. Our StockRank and factor investing toolbox unlocks institutional-quality insights into thousands of global stocks. Voted “Best Investment Research Tools” and “Best Research Service” at the 2021 UK Investor Magazine awards.