Do analysts think that Tata Steel 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 Tata Steel (NSI:TATASTEEL) as an example...
Shares in the company have risen by 4.51% over the past month and it’s currently trading at 697.75. 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, Tata Steel currently has:
- 13 Buy recommendations
- 2 Hold recommendations
- 1 Sell recommendations
This suggests that analysts are generally upbeat about the outlook.
At its current price of 697.75, shares in Tata Steel are trading at a discount of -4.74% to its 52 week high price. The 1-year performance of the shares has been 61.5%.
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 TATA Steel it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with TATA Steel that you can find out about here.
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