A strong, broad-based rally is underway with the S&P/TSX composite index continuing to charge higher.
Since the beginning of November, the S&P/TSX Composite Index has climbed 15.7 per cent with 10 of the 11 sectors posting gainsof which six have realized double-digit price returns. In fact, if it wasn’t for BCE Inc. , which has declined 10 per cent since the beginning of November, all 11 sectors would be in the green. Looking at individual stocks in the TSX Index, over 80 per cent have realized positive price returns since the start of November.
The posted target price for each security is an average of all available target prices from analysts. A target price typically reflects an expected share or unit price 12 months from now based on an analyst’s financial modelling, such as a discounted cash flow or sum-of-the-parts model.
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