Brokers upbeat on Koninklijke Philips Nv despite economic uncertainty
The Koninklijke Philips Nv (AMS:PHIA) share price has risen by 10.3% over the past month and it’s currently trading at 41.965. 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, Koninklijke Philips Nv currently has:
- 6 Buy recommendations
- 7 Hold recommendations
- 1 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Researching beyond broker forecasts
At its current price of 41.965, shares in Koninklijke Philips Nv are trading at a discount of -8.95% to its 52 week high price. The 1-year performance of the shares has been 12.8%.
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 Koninklijke Philips Nv it's worth doing some investigation yourself.
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 Koninklijke Philips NV it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Koninklijke Philips NV that you can find out about here.
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