Upbeat broker recommendations for Ideagen

The Ideagen (LON:IDEA) share price has risen by 1.06% over the past month and it’s currently trading at 190.8474. 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, Ideagen currently has:

• 1 Buy recommendations

• 0 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Looking behind the broker forecasts

At its current price of 190.8474, shares in Ideagen are trading at a discount of -9.05% to its 52 week high price. The 1-year performance of the shares has been 24.0%.

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 Ideagen it's worth doing some investigation yourself.

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