Ben Hobson | Sep 11, 2020 11:09
The Mcdonald's (NYSE:MCD) share price has risen by 5.68% over the past month and it’s currently trading at 217.24. 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, Mcdonald's currently has:
This suggests that analysts are generally positive about the outlook.
At its current price of 217.24, shares in Mcdonald's are trading at a discount of -1.22% to its 52 week high price. The 1-year performance of the shares has been 2.88%.
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 Mcdonald's it's worth doing some investigation yourself.
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.
Written By: Ben Hobson
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