The iSelect Ltd share price just reached a 52-week high

Although in late afternoon trade the iSelect Ltd (ASX: ISU) share price is in the red, in morning trade it reached a new 52-week high of $2.26.

This brought the year-to-date return for the comparison website operator to almost 20%.

Why have its shares performed so well?

After a weak FY 2016, the company looks set to return to form in FY 2017.

Earlier this year management advised that the company is on course to grow full-year earnings before interest and tax by between 27% and 45% this year.

This return to form and its expansion into other verticals appear to have caught the eye of brokers. Both Bell Potter and Credit Suisse have named iSelect as a share to buy in recent weeks.

You can read all about Bell Potter’s recommendation here, and details regarding Credit Suisse’s note can be found here.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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