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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Post by norim109on Dec 04, 2015 4:27pm
179 Views
Post# 24356214

Target price

Target price

This stock has a lot of potential upside especially at this price.
The monthly payments should not be considered as costs until a decision is made from the audit. In the event of a decision in favour of BNK, funds committed will not likely be returned to BNK but are going to be substracted from future payment to the stae.

"Bankers Petroleum Ltd. (TSE:BNK) had its target pricetrimmed by Raymond James from C$5.00 to C$3.20 in a research note published on Thursday morning,StockTargetPrices.com reports. The firm currently has an outperform rating on the stock.

BNK has been the topic of a number of other reports. National Bank Financial decreased their target price on Bankers Petroleum from C$6.50 to C$5.90 and set a sector outperform rating on the stock in a report on Thursday, November 26th. TD Securities cut Bankers Petroleum from a hold rating to a reduce rating and decreased their price target for the company from C$5.00 to C$4.00 in a report on Friday, September 11th. Scotiabank reduced their target price on Bankers Petroleum from C$4.50 to C$4.00 in a report on Tuesday, September 29th. CIBC dropped their price target on Bankers Petroleum from C$4.50 to C$3.00 and set a sector perform rating for the company in a research report on Wednesday, September 23rd. Finally, Macquarie dropped their target price on Bankers Petroleum from C$8.00 to C$7.00 and set an outperform rating for the company in a research report on Thursday, November 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$4.72."

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