In this article we will quickly re-cap the broker forecasts for Eddie Stobart Logistics (LON:ESL).
The Eddie Stobart Logistics share price has risen by 23.5% over the past month and it’s currently trading at 7.87. 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, Eddie Stobart Logistics currently has:
1 Buy recommendations
0 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Questioning broker positivity
At its current price of 7.87, shares in Eddie Stobart Logistics are trading at a discount of -89.7% to its 52 week high price. The 1-year performance of the shares has been -88.6%.
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 Eddie Stobart Logistics it's worth doing some investigation yourself.
There are all sorts of factors that could affect Eddie Stobart Logistics'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 Eddie Stobart Logistics – you might discover some surprising things you didn’t know.