Broker recommendations can be a useful indicator when researching stocks. Examining the average rating (sometimes called « consensus ») among analysts can provide an indication of whether or not a stock is worth buying.
Take Iqe (LON: IQE) as an example. The company’s shares are up 4.63% last month and are currently trading at 79.35. But what do the brokers think?
According to the consensus of analysts studying the stock, there could be reason to believe that the positive trend will continue. In terms of trading recommendations, Iqe currently has:
This shows that analysts are generally positive about the outlook.
At the current price of 79.35, Iqe shares are trading at a discount of -15.3% on the 52-week high price. The 1-year performance of the shares was 44.3%.
While analyst forecasting can be a useful guide to what City pundits think of a stock’s near-term future, it can be unreliable. To get a better idea of the strengths and weaknesses of Iqe, it is worth doing your own research. In fact, we have identified a few problem areas with Iqe that you can find out here.
Alternatively, if you want to find more stocks that analysts are bullish on, this Positive Momentum & amp; Broker buys screen.