Upbeat broker recommendations for Smoore International Holdings

The Smoore International Holdings (HKG:6969) share price has risen by 15.3% over the past month and it’s currently trading at HK$20.5. 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, Smoore International Holdings currently has:

• 12 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 HK$20.5, shares in Smoore International Holdings are trading at a discount of -61.7% to its 52 week high price. The 1-year performance of the shares has been -49.1%.

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