What does the future hold for the Zhongsheng Group share price?
The Zhongsheng Group (HKG:881) share price has risen by 32.1% over the past month and it’s currently trading at 40.05. 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, Zhongsheng Group currently has:
- 9 Buy recommendations
- 3 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
At its current price of 40.05, shares in Zhongsheng Group are trading at a discount of -1.50% to its 52 week high price. The 1-year performance of the shares has been 125.5%.
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 Zhongsheng Group 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 Zhongsheng group it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Zhongsheng group that you can find out about here.
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