RE:RE:TD maintains 5$ target
TD predicts $5 but, the Royal Bank has a target of $3.50. I knowRBC is always very conservative for their targets and are also well below the average.
I alway had very little faith in the target determined by analysts. It is more of an art than sciences as indicated here by the two largest bank in the country. There is a 30% difference based on the same financial data. I only use targets as one of the many factors to consider in the decision making process.
It is almost ridiculous predicting a one yearr target when they are way off in predicting what is going to be the share price next week, Thise is why they have to keep adjusting their targets on a reguklar basis. Long term targets are always wrong and have very little value except for some indication of the trend regarding a share price.