The Adani Ports And Special Economic Zone share price – where next?
The Adani Ports And Special Economic Zone (NSI:ADANIPORTS) share price has risen by 25.5% over the past month and it’s currently trading at 467. 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, Adani Ports And Special Economic Zone currently has:
- 12 Buy recommendations
- 1 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Going beyond analyst recommendations
At its current price of 467, shares in Adani Ports And Special Economic Zone are trading at a discount of -1.83% to its 52 week high price. The 1-year performance of the shares has been 25.2%.
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 Adani Ports and Special Economic Zone it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Adani Ports and Special Economic Zone that you can find out about here.
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