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Keeping an eye on broker price targets for FTSE 100 and FTSE 250 stocks can be worthwhile. They don’t always end up accurate, of course, and analysts can be like stock market weathermen, forever adjusting their forecasts as share prices get blown this way and that.
Still, they give a quick snapshot of sentiment. Stocks that are trading at or above analysts’ targets suggest both the City and market are in agreement. Whereas one trading far beneath its consensus target may suggest it’s underappreciated, and worth digging into.
Here are two FTSE 250 stocks that recently attracted bullish broker updates, and are currently trading well below their consensus 12-month price estimates.
Trainline
Travel ticket booker Trainline (LSE:TRN) got a Buy rating earlier this month from UBS. The bank reiterated its 465p price target — 59% above the stock’s current…
