The Coats (LON:COA) share price has risen by 3.60% over the past month and it’s currently trading at 54.8. 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, Coats currently has:
- 4 Buy recommendations
- 1 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
What else can I look at?
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 Coats it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Coats that you can find out about here.
Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.