Do analysts think that Bandhan Bank is a buy, hold or sell?

Buy, hold and sell recommendations from company analysts can be a useful signal about the sentiment around a stock. Examining the 'consensus' rating among brokers can give you a sense of whether the share is worth buying or not. Take Bandhan Bank (NSI:BANDHANBNK) as an example...

Shares in the company have risen by 3.12% over the past month and it’s currently trading at 337.6. But what do the analysts that cover it think?

Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, Bandhan Bank currently has:

• 12 Buy recommendations
• 2 Hold recommendations
• 1 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of 337.6, shares in Bandhan Bank are trading at a discount of -19.8% to its 52 week high price. The 1-year performance of the shares has been 60.3%.

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 Bandhan Bank it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Bandhan Bank that you can find out about here.