The Math Shows PBP Can Go To $23
May 04, 2016 at 12:58 PM 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 BuyWrite Portfolio ETF (PBP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $22.67 per unit.