- 16/07/2021 9:05AM Whitehaven Coal Price Target Raised 4.2% to A$2.50/Share by Bell Potter (headline only)
- 16/07/2021 8:48AM Whitehaven Coal Target Price Raised 4.5% to A$2.30/Share by Citi (headline only)
- 16/07/2021 8:356AM Whitehaven Coal Target Price Raised 4.0% to A$2.60/Share by Shaw and Partners (headline only)
My long-made observation of target price dynamics has resulted in an empirically-driven conclusion that there target prices are a function of share prices, and not the other way round.
Not just that, but I now have an empirically-derived, and highly reliable, 3-step formula that defines the relationship between the two variables.
It goes like this:
Step 1. Take at Share Price at any given point in time
Step 2. Multiply by 1.20 to 1.25
Step 3. Result is Target Price
For example: if WHC's share price went to $3.00 next week, Target Prices would magically become about 20%-25% higher than $3.00. Conversely, if WHC's share price suddenly fell to $1.00, Target Prices would be about 20%-25% higher than $1.00.
It's one of those quaintly enduring axioms of the stockbroking fraternity.
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Last
$7.65 |
Change
0.450(6.25%) |
Mkt cap ! $6.399B |
Open | High | Low | Value | Volume |
$7.60 | $7.80 | $7.40 | $109.4M | 14.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43827 | $7.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.66 | 1500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43827 | 7.640 |
2 | 43697 | 7.620 |
2 | 53697 | 7.600 |
2 | 1900 | 7.590 |
1 | 43697 | 7.580 |
Price($) | Vol. | No. |
---|---|---|
7.660 | 1500 | 2 |
7.690 | 1000 | 1 |
7.700 | 20000 | 3 |
7.720 | 625 | 1 |
7.730 | 3000 | 1 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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