Yahoo Finance Will the Allied Minds share price run continue?
In this article we will quickly re-cap the broker forecasts for Allied Minds (LON:ALM).
The Allied Minds share price has risen by 20.7% over the past month and it’s currently trading at 42.2. 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, Allied Minds currently has:
2 Buy recommendations
0 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Questioning broker positivity
At its current price of 42.2, shares in Allied Minds are trading at a discount of -13.8% to its 52 week high price. The 1-year performance of the shares has been -2.68%.
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 Allied Minds it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Allied Minds 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.
