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What does the future hold for the Sunny Optical Technology Co share price?

17th Jul '20 by Ben Hobson

The Sunny Optical Technology Co (HKG:2382) share price has risen by 11.4% over the past month and it’s currently trading at 129.9. 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, Sunny Optical Technology Co currently has:

  • 13 Buy recommendations
  • 7 Hold recommendations
  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.


What else can I look at?

At its current price of 129.9, shares in Sunny Optical Technology Co are trading at a discount of -14.6% to its 52 week high price. The 1-year performance of the shares has been 46.5%.

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 Sunny Optical Technology Co 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 Sunny Optical Technology Co it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Sunny Optical Technology Co that you can find out about here.

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.

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