The Math Shows XES Can Go To $18
November 09, 2017 at 08:30 AM EST
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P Oil & Gas Equipment & Services ETF (XES), we found that the implied analyst target price for the ETF based upon its underlying holdings is $18.21 per unit.