Brokers upbeat on Regency Centers despite economic uncertainty
Ben Hobson
The Regency Centers (NSQ:REG) share price has risen by 11.9% over the past month and it’s currently trading at 49.25. 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, Regency Centers currently has:
- 6 Buy recommendations
- 6 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 49.25, shares in Regency Centers are trading at a discount of -34.8% to its 52 week high price. The 1-year performance of the shares has been -30.6%.
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 Regency Centers 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 Regency Centers it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Regency Centers that you can find out about here.
Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.
