16/07/2021 9:05AM Whitehaven Coal Price Target Raised 4.2% to...

• 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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