Not sure how they work out target prices but I think it goes a...

Not sure how they work out target prices but I think it goes a bit like this, but could be wrong.

consensus earning x Av PE = target price

consensus earning '09 = .24

not sure how they work out target prices
but the average tp amongst these brokers is about $2.48

so most brokers are estimating a PE of 10

assumptions appear to be
1. costs will go up
2. price and volume will increase at the end of the year

anyway here is list

they seem pretty up to date.



Citi 02/09/2008 1 Buy, High Risk $2.40 58.4%
Merrill Lynch 02/09/2008 1 Buy, High Risk $2.90 91.4%
UBS 25/08/2008 1 Buy $2.50 65.0%
Deutsche Bank 22/08/2008 3 Hold $2.30 51.8%
JP Morgan 22/08/2008 1 Overweight $2.32
1 Sep 08 53.1%
ABN Amro 22/08/2008 1 Buy $2.74 80.9%
Macquarie 22/08/2008 1 Outperform $2.20 45.2%