What does the future hold for the Smart Metering Systems share price?

The Smart Metering Systems (LON:SMS) share price has risen by 4.71% over the past month and it’s currently trading at 638.88. 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, Smart Metering Systems currently has:

• 3 Buy recommendations

• 2 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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What else can I look at?

At its current price of 638.88, shares in Smart Metering Systems are trading at a discount of -13.1% to its 52 week high price. The 1-year performance of the shares has been 42.1%.

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

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.