How The Pieces Add Up: PXE Targets $23
July 17, 2017 at 08:52 AM EDT
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 PowerShares Dynamic Energy Exploration & Production Portfolio ETF (PXE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $23.12 per unit.