Add Up The Pieces: PBJ Could Be Worth $36
February 05, 2020 at 08:05 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 Invesco Dynamic Food & Beverage ETF (PBJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $36.34 per unit.