The Lenta Share Price – Where Next?

The Lenta (LON:LNTA) share price has risen by 2.70% over the past month and it’s currently trading at 2.855. 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, Lenta currently has:

• 4 Buy recommendations
• 3 Hold recommendations
• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

Going beyond analyst recommendations

At its current price of 2.855, shares in Lenta are trading at a discount of -15.8% to its 52 week high price. The 1-year performance of the shares has been -14.9%.

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 Lenta it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Lenta.

Disclaimer: These articles are provided for information purposes only. The content is not intended to be a personal recommendation. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. The author has no position in the stocks mentioned, unless otherwise stated.

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