Will the Ares Capital share price run continue?

In this article we will quickly re-cap the broker forecasts for Ares Capital (NSQ:ARCC).

The Ares Capital share price has risen by 24.7% over the past month and it’s currently trading at 15.44. 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, Ares Capital currently has:

• 6 Buy recommendations

• 1 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

At its current price of 15.44, shares in Ares Capital are trading at a discount of -20.1% to its 52 week high price. The 1-year performance of the shares has been -12.7%.

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 Ares Capital it's worth doing some investigation yourself.

There are all sorts of factors that could affect Ares Capital's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Ares Capital – you might discover some surprising things you didn’t know.