What do analysts think about Jadestone Energy?

Company analysts usually understand the stocks they cover better than just about anyone else. For that reason, it can be useful to know whether they think investors should 'buy', 'hold' or 'sell' them. These kinds of clues can give you a steer on what the experts think the future holds...

Take Jadestone Energy (LON:JSE) as an example. Shares in the company have risen by 7.69% over the past month and it’s currently trading at 70.0p. But what are the trading recommendations of the analysts that cover it?

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

• 3 Buy recommendations
• 0 Hold recommendations
• 0 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of 70.0p, shares in Jadestone Energy are trading at a discount of -13.6% to its 52 week high price. The 1-year performance of the shares has been 33.3%.

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 Jadestone Energy it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Jadestone Energy that you can find out about here.