Anyone else a bit sick of analyst ratings? We all like to delude ourselves into thinking that a buy rating and a price target of $24 or whatever means that's what our portfolio is really worth.
I've been holding VII since 2014 and I saw the price go from 17 to 34, down to $1.30, now back up to an adjusted $23 ish and wouldn't you know it these 'analysts' have pretty much tracked the price of the stock with their recommendations.
As far as I'm concerned they should just have a 12 month recommendation of whatever the current price is +15% or so. I have a finance education but I never got into the business because there are too many factors at play to have any idea what the stock price will be in 12 months.
Low debt, capital discipline, and solid market dynamics over the next 5 years. If you care what Joe Shmoe at X bank says then you're looking in the wrong places. These guys have no clue what will happen over the next 12 months.