Analysts Forecast 11% Upside For PHDG
May 10, 2018 at 09:34 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 S&P 500 Downside Hedged Portfolio ETF (PHDG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.28 per unit.