Taking note of trade recommendations from professional analysts and brokers can be a way to find stocks that are likely to perform well. These city experts are paid to know the businesses they cover better than anyone. So their opinions on what to buy and sell can be a useful point of reference.
Take Flutter Entertainment (LON:FLTR) for example. The company’s shares are up 3.54% over the past month and are currently trading at 14,470p. But what are the trading recommendations of the analysts covering it?
Based on the “consensus” of brokers, there may be reason to believe that the recent positive trend will continue. In terms of business recommendations, Flutter Entertainment currently has:
- 3 To buy recommendations
- 3 Hold recommendations
- 1 To sell recommendations
This suggests that analysts are generally optimistic on the outlook.
At its current price of 14,470p, shares of Flutter Entertainment are trading at a -26.5% discount to its 52-week high. The 1-year performance of the shares was 16.8%.
While analyst forecasts can be a useful guide to what City ‘experts’ think of a stock’s short-term future, they can be unreliable. To get a better idea of Flutter Entertainment’s strengths and weaknesses, it’s worth doing some research for yourself. Indeed, we have identified some areas of concern regarding Flutter Entertainment which you can read about here.
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