Upbeat broker recommendations for Rbl Bank
The Rbl Bank (NSI:RBLBANK) share price has risen by 33.9% over the past month and it’s currently trading at 180.75. 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, Rbl Bank currently has:
- 12 Buy recommendations
- 2 Hold recommendations
- 1 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Looking behind the broker forecasts
At its current price of 180.75, shares in Rbl Bank are trading at a discount of -71.0% to its 52 week high price. The 1-year performance of the shares has been -70.0%.
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 Rbl Bank it's worth doing some investigation yourself.
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 RBL Bank it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with RBL Bank that you can find out about here.
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