Brokers upbeat on Crompton Greaves Consumer Electricals despite economic uncertainty

The Crompton Greaves Consumer Electricals (NSI:CROMPTON) share price has risen by 8.04% over the past month and it’s currently trading at 242.2. 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, Crompton Greaves Consumer Electricals currently has:

• 16 Buy recommendations

• 2 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO NSI:CROMPTON »

Researching beyond broker forecasts

At its current price of 242.2, shares in Crompton Greaves Consumer Electricals are trading at a discount of -19.3% to its 52 week high price. The 1-year performance of the shares has been 7.52%.

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 Crompton Greaves Consumer Electricals it's worth doing some investigation yourself.

There are all sorts of factors that could affect Crompton Greaves Consumer Electricals'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 Crompton Greaves Consumer Electricals – you might discover some surprising things you didn’t know.