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The Royal Mail (LON:RMG) share price has risen by 19.4% over the past month and it’s currently trading at 507.6p. 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, Royal Mail currently has:
- 4 Buy recommendations
- 5 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
GET MORE DATA-DRIVEN INSIGHTS INTO LON:RMG »
Going beyond analyst recommendations
At its current price of 507.6p, shares in Royal Mail are trading at a discount of -17.3% to its 52 week high price. The 1-year performance of the shares has been 67.0%.
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 Royal Mail it’s worth doing some investigation yourself. Indeed, we’ve identified some areas of concern with Royal Mail 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.
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