Rekomendacje giełdowe a wybrane charakterystyki rekomendowanych spółek analiza z giełdy papierów wartościowych w Warszawie
Analysts' recommendations and selected characteristics of recommended stock evidence from Warsaw stock exchange
Author(s): Piotr BuzałaSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: recommendations; companies; stock exchange
Summary/Abstract: Investment analysts are professionals who value companies and based on that recommend specific investment actions towards stock or industry sector. Analysis proved that P/E ratio (based on latest annual consolidated financial statement) as well as 3 month historical rate of return is related to level of analysts' recommendations for WIG20 companies. Analysts recommend to buy (sell) stock with lower (higher) than average P/E ratio and with 3 month historical rate of return lower (higher) than rate of return from overall WIG20.
Journal: Finanse, Rynki Finansowe, Ubezpieczenia
- Issue Year: 2013
- Issue No: 63
- Page Range: 65-75
- Page Count: 11