Will the Lowe's Companies Inc share price run continue?
In this article we will quickly re-cap the broker forecasts for Lowe's Companies Inc (NYQ:LOW).
The Lowe's Companies Inc share price has risen by 2.59% over the past month and it’s currently trading at $195.7. 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, Lowe's Companies Inc currently has:
- 13 Buy recommendations
- 5 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Questioning broker positivity
At its current price of $195.7, shares in Lowe's Companies Inc are trading at a discount of -9.07% to its 52 week high price. The 1-year performance of the shares has been 44.2%.
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 Lowe's Companies it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Lowe's Companies that you can find out about here.
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