qw25041985 wrote:Lets calculate TARGET price for Co-Op bank come full year :
As for CO-Op .I calculated it's target price this way ksh 15.95 (closin price) / [Ksh 0.67 (Earnings per share) x 2 ] = Implied Forward PE is Ksh 11.90
NB : target price = Current stock price *{current p/e /forward p/e}
Hence Target price at year end will be 15.95 (latest closing price) * 19 /11.90
This gives a target price of Ksh 27.00
Conclusion : Its very very cheap at todays price of Ksh 15.00 . If you were to invest today u'd close to double your money when they release their full year results.Co-Op bank is definately a buy.
WOW ! WOW! WOW! WOW! ...All the doubting thomases i hope you can see what you missed...If you lisened and bought when it was stagnating at 10.00 you shld be smilling now.As the stock has realised its calculated projected target. OR atleast its almost there.LOL !
Your future depends on your dreams so go to sleep !