UK markets close in 4 hours 6 minutes
  • FTSE 100

    7,556.92
    +47.77 (+0.64%)
     
  • FTSE 250

    20,409.23
    +26.47 (+0.13%)
     
  • AIM

    932.83
    -1.28 (-0.14%)
     
  • GBP/EUR

    1.1870
    +0.0011 (+0.10%)
     
  • GBP/USD

    1.2025
    -0.0033 (-0.28%)
     
  • BTC-GBP

    20,040.28
    -200.01 (-0.99%)
     
  • CMC Crypto 200

    574.24
    -16.52 (-2.80%)
     
  • S&P 500

    4,297.14
    +16.99 (+0.40%)
     
  • DOW

    33,912.44
    +151.39 (+0.45%)
     
  • CRUDE OIL

    89.43
    +0.02 (+0.02%)
     
  • GOLD FUTURES

    1,790.50
    -7.60 (-0.42%)
     
  • NIKKEI 225

    28,868.91
    -2.87 (-0.01%)
     
  • HANG SENG

    19,830.52
    -210.34 (-1.05%)
     
  • DAX

    13,909.23
    +92.62 (+0.67%)
     
  • CAC 40

    6,597.00
    +27.05 (+0.41%)
     

Here is how city analysts rate Cummins India

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

When it comes to researching shares, many investors take note of what city analysts have to say. The trading recommendations of these professionals are used by everyone from institutional fund managers to individual private investors. The reason is that these analysts know about the stocks they cover more than just about anybody else.

For investors, these kinds of recommendations can be a useful consideration - especially when you listen to the consensus view of all the analysts that cover a stock.

Take Cummins India (NSI:CUMMINSIND) as an example. Shares in the company have risen by 4.20% over the past month and they are currently trading at ₹1,052. 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, Cummins India currently has:

  • 10 Buy recommendations

  • 4 Hold recommendations

  • 2 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of ₹1,052, shares in Cummins India are trading at a discount of -9.45% to its 52 week high price. The 1-year performance of the shares has been 19.4%.

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

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting