Brokers bullish on Sunny Optical Technology Co shares

The Sunny Optical Technology Co (HKG:2382) share price has risen by 21.1% over the past month and it’s currently trading at 126.8. 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, Sunny Optical Technology Co currently has:

• 12 Buy recommendations

• 7 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond analyst forecasts

At its current price of 126.8, shares in Sunny Optical Technology Co are trading at a discount of -16.9% to its 52 week high price. The 1-year performance of the shares has been 53.7%.

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 Sunny Optical Technology Co it's worth doing some investigation yourself.

There are all sorts of factors that could affect Sunny Optical Technology Co'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 Sunny Optical Technology Co – you might discover some surprising things you didn’t know.