Brokers upbeat on Assa Abloy Ab despite economic uncertainty
The Assa Abloy Ab (STO:ASSA B) share price has risen by 13.3% over the past month and it’s currently trading at 200.2. 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, Assa Abloy Ab currently has:
6 Buy recommendations
14 Hold recommendations
0 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 200.2, shares in Assa Abloy Ab are trading at a discount of -20.2% to its 52 week high price. The 1-year performance of the shares has been -2.34%.
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 Assa Abloy Ab it's worth doing some investigation yourself.
There are all sorts of factors that could affect Assa Abloy Ab'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 Assa Abloy Ab – you might discover some surprising things you didn’t know.