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What do analysts think about Federal Bank?

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·1-min read
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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 Federal Bank (NSI:FEDERALBNK) as an example. Shares in the company have risen by 7.01% over the past month and it’s currently trading at ₹89.4. 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, Federal Bank currently has:

  • 19 Buy recommendations

  • 4 Hold recommendations

  • 0 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of ₹89.4, shares in Federal Bank are trading at a discount of -17.0% to its 52 week high price. The 1-year performance of the shares has been 5.30%.

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

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