Canadian Natural Resources Ltd T.CNQ

Scotiabank Target

[TheDog2]

Scotiabank has a target of $52.  Is this a realistic target? I sold a number of shares some time ago for a significant profit, but never thought it would go as high as it did. Still have a couple hundred shares, but not sure how long to hold.  I have enjoyed their dividends. Wished they would have increased the dividends rather than continued buy-back of shares.

[rusty777]

Hi Dog I am skeptical of anything many of these talking heads say these days.  One has to really question their motivation.  Just a few days ago Goldman Sachs had a target of $41.00 (CAN) so one wonders how there can reasonably be an $11.00 differential (27%) between these two targets only 72 hours apart..  I find it quite unlikely that BNS, which like most banks, is primarily

[jdeis2]

Hi Rusty, the 2 targets may not be as far apart as they at first seem.....Goldman says $41 and this would be $US so $8 US above  the current price of 33.35 US. The Scotia estmate of $51 would be Cdn which is $9 Cdn above the stock trading $42 Cdn....... So really GS says stock goes up $8 US  Scotiabank says stock goes up $9 Cdn That might explain the differnces in these price targets .

[rusty777]

You may be correct...I am going by this which suggests they are using Canadian dollars Canadian Natural Resources (TSE:CNQ) Given a C$41.00 Price Target at The Goldman Sachs Group August 27, 2021 |  americanbankingnews.com

[Blueswin]

Rusty: I know your pain! Twinn Butte has been the worst stock desicion I had ever made! Almost drowned me. I got what little I had left out at .12 cents a share. That was a very painful lesson. Fortunately I am on the other side of that now & lived to fight anouther day! Good thoughts you have!