Seplat Petroleum Development (LON:SEPL) cover image
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Here is how city analysts rate Seplat Petroleum Development

3rd Feb by Ben Hobson

When it comes to researching shares, many investors take note of what city analysts have to say. The trading recommendations of these professionals are used by everyone from institutional fund managers to individual private investors. The reason is that these analysts know about the stocks they cover more than just about anybody else. 

For investors, these kinds of recommendations can be a useful consideration - especially when you listen to the consensus view of all the analysts that cover a stock.

Take Seplat Petroleum Development (LON:SEPL) as an example. Shares in the company have risen by 20.0% over the past month and they are currently trading at 78.2. But what do the analysts that cover the company think?

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

  • 2 Buy recommendations
  • 0 Hold recommendations
  • 0 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of 78.2, shares in Seplat Petroleum Development are trading at a discount of -31.5% to its 52 week high price. The 1-year performance of the shares has been -25.7%.

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 Seplat Petroleum Development it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Seplat Petroleum Development 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.

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