What is the broker consensus view on State Bank Of India?

'Buy' and 'sell' recommendations from company analysts often catch the attention of investors - but it's worth remembering that city experts can get things wrong. So rather than relying on just one recommendation, a potentially better way of interpreting broker 'recs' is to take note of the 'consensus' - or average - view of all the analysts covering the stock. That way you get an overall picture of what analysts think.

Take State Bank Of India (NSI:SBIN) as an example. Shares in the company have risen by 19.5% over the past month and they are currently trading at 344.6. 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, State Bank Of India currently has:

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

This suggests that analysts are generally upbeat about the outlook.

At its current price of 344.6, shares in State Bank Of India are trading at a discount of -1.16% to its 52 week high price. The 1-year performance of the shares has been 9.70%.

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