PBJ's Underlying Holdings Imply 10% Gain Potential
November 21, 2016 at 08:57 AM EST
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Food & Beverage Portfolio ETF (PBJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.95 per unit.