R/Y sell recommendation and othersInteresting that BNN analysis recommends a sell on Royal Bank. I recently received a report from Scotia Bank which indicates Canadian Banks and Life Insurers as a Buy. Target for R/Y 1 year is $70; 2 year $80; BMO 1 yr $70; 2 yr $75; CM 1 year $105; 2 year $115; BNS 1 yr $72, 2 yr. $80 and T/D 1 yr $105; 2 yr $117.
In addition target for Manulife 1 year $19.50.
When considering the above, (if the estimates transpire) and the annual dividends paid by the foregoing your 2 year return will be excellent. The all depends on course on world events, especially what is happening in the Euro countries such as Italy, Spain and Greece and, China
However my experience with analysis has been mixed, but in any event I shall hold onto my holdings and see what happens over the next few years.