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Do analysts think that Meituan is a buy, hold or sell?

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·1-min read
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Buy, hold and sell recommendations from company analysts can be a useful signal about the sentiment around a stock. Examining the 'consensus' rating among brokers can give you a sense of whether the share is worth buying or not. Take Meituan (HKG:3690) as an example...

Shares in the company have risen by 8.76% over the past month and it’s currently trading at HK$167.6. But what do the analysts that cover it think?

Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, Meituan currently has:

  • 21 Buy recommendations

  • 3 Hold recommendations

  • 0 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of HK$167.6, shares in Meituan are trading at a discount of -50.4% to its 52 week high price. The 1-year performance of the shares has been -33.4%.

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

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