Do analysts think that PICC Property and Casualty Co is a buy, hold or sell?
Buy, hold and sell recommendations from company analysts can be a useful signal about the sentiment around a stock. Examining the 'consensus' rating among brokers can give you a sense of whether the share is worth buying or not. Take PICC Property and Casualty Co (HKG:2328) as an example...
Shares in the company have risen by 6.05% over the past month and it’s currently trading at HK$8.24. But what do the analysts that cover it think?
Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, PICC Property and Casualty Co currently has:
- 13 Buy recommendations
- 4 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally upbeat about the outlook.
At its current price of HK$8.24, shares in PICC Property and Casualty Co are trading at a discount of -4.74% to its 52 week high price. The 1-year performance of the shares has been 24.5%.
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 PICC Property And Casualty Co it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with PICC Property And Casualty Co that you can find out about here.
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