Franco-Nevada Shares Surpass Analysts’ 12-Month Target Price
Recently, Franco-Nevada Corp (Symbol: FNV) shares have risen above the average analyst 12-month target price of $177.18, currently trading at $178.17 per share. Analysts typically respond to such milestones by either downgrading their valuation or raising their target price based on the company’s performance.
Analyst targets for Franco-Nevada vary, with some suggesting prices as low as $127.65 while others set targets as high as $208.10. The standard deviation among these targets stands at $22.821.
Considering the average price target reflects a collective analyst opinion, observers now question if the recent increase signifies an upward trend or if it indicates an overvaluation. Investors are encouraged to evaluate whether to hold or sell based on this analysis.
| Recent FNV Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 5 | 6 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 6 | 6 | 6 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 2.08 | 1.92 |
The average rating is scored from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data was sourced from Zacks Investment Research via Quandl.com.
The views expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
