The Ocado (LON:OCDO) share price has risen by 1.88% over the past month and it’s currently trading at 2224. 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, Ocado currently has:
- 5 Buy recommendations
- 6 Hold recommendations
- 2 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Researching beyond broker forecasts
At its current price of 2224, shares in Ocado are trading at a discount of -20.2% to its 52 week high price. The 1-year performance of the shares has been 93.9%.
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 Ocado it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Ocado that you can find out about here.
Disclaimer: These articles are provided for information purposes only. The content is not intended to be a personal recommendation. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. The author has no position in the stocks mentioned, unless otherwise stated.