Brokers upbeat on Gb despite economic uncertainty
The Gb (LON:GBG) share price has risen by 11.8% over the past month and it’s currently trading at 625p. 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, Gb currently has:
- 7 Buy recommendations
- 0 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Researching beyond broker forecasts
At its current price of 625p, shares in Gb are trading at a discount of -36.2% to its 52 week high price. The 1-year performance of the shares has been -32.4%.
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 GB it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with GB that you can find out about here.
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