The Math Shows EWRE Can Go To $29
January 26, 2017 at 09:41 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 Guggenheim S&P 500 Equal Weight Real Estate ETF (EWRE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.96 per unit.