Analysts optimistic on Sino Biopharmaceutical outlook
The Sino Biopharmaceutical (HKG:1177) share price has risen by 17.9% over the past month and it’s currently trading at 14.76. 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, Sino Biopharmaceutical currently has:
9 Buy recommendations
3 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 14.76, shares in Sino Biopharmaceutical are trading at a discount of -2.22% to its 52 week high price. The 1-year performance of the shares has been 95.3%.
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 Sino Biopharmaceutical it's worth doing some investigation yourself.
There are all sorts of factors that could affect Sino Biopharmaceutical's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Sino Biopharmaceutical – you might discover some surprising things you didn’t know.