Analysts optimistic on China Resources Beer Holdings Co outlook

The China Resources Beer Holdings Co (HKG:291) share price has risen by 1.59% over the past month and it’s currently trading at HK$44.7. 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, China Resources Beer Holdings Co currently has:

• 13 Buy recommendations

• 2 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond broker forecasts

At its current price of HK$44.7, shares in China Resources Beer Holdings Co are trading at a discount of -41.3% to its 52 week high price. The 1-year performance of the shares has been -30.9%.

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 China Resources Beer Holdings Co it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with China Resources Beer Holdings Co that you can find out about here.