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Buy, hold and sell recommendations from company analysts can be a useful signal about the sentiment around a stock. Examining the 'consensus' rating among brokers can give you a sense of whether the share is worth buying or not. Take Caspian Sunrise (LON:CASP) as an example...
Shares in the company have risen by 60.3% over the past month and it’s currently trading at 4.65p. But what do the analysts that cover it think?
Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, Caspian Sunrise currently has:
1 Buy recommendations
0 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally upbeat about the outlook.
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 Caspian Sunrise it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Caspian Sunrise that you can find out about here.