TSX:BEI.UN - Post by User
Post by
Northforce13on Oct 22, 2021 12:54pm
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Post# 34037996
Analyst upgrades coming soon
Analyst upgrades coming soonAs has always been the pattern, after a stock runs up, analysts start coming out of the woodwork with increased price targets, "buy" and "strong buy" upward revisions, etc. etc. so they can look like 20/20 hindsight geniuses ;-)
Also I suspect there would be some frontrunning sometimes, prior to stock upgrades, which themselves drive up the price of a stock.
Idle musings above...
BEI motoring along, closing the gap to book value. Peers sell at a premium to book value now, so there is also that gap to potentially be closed... We could very realistically see 70 if oil holds up, as book value moves up and BEI starts to trade in line with peers at a slight premium to book value.