The Federal Bank (NSI:FEDERALBNK) share price has risen by 4.61% over the past month and it’s currently trading at 51.15. 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, Federal Bank currently has:
18 Buy recommendations
4 Hold recommendations
1 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 Federal Bank it's worth doing some investigation yourself.
There are all sorts of factors that could affect Federal Bank'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 Federal Bank – you might discover some surprising things you didn’t know.