Implications of consensus target prices
Equity analysts are one of the most important players on the capital markets. They directly influence price movements of the analyzed stock. The main outputs of the analysis are the buy, hold or sell ratings and the analysts’ target prices. This dissertation tests whether the difference between the...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2009
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| Online Access: | https://eprints.nottingham.ac.uk/23183/ |
| _version_ | 1848792525850017792 |
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| author | Munda, Gal |
| author_facet | Munda, Gal |
| author_sort | Munda, Gal |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Equity analysts are one of the most important players on the capital markets. They directly influence price movements of the analyzed stock. The main outputs of the analysis are the buy, hold or sell ratings and the analysts’ target prices.
This dissertation tests whether the difference between the consensus target price and the actual stock price remains stationary over the long period of time. If that is true, we can develop simple rules which would enable us to use the Target-to-real stock price ratio (TRP ratio) to identify buy/sell signals for specific stocks. |
| first_indexed | 2025-11-14T18:45:48Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-23183 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:45:48Z |
| publishDate | 2009 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-231832017-12-25T17:17:50Z https://eprints.nottingham.ac.uk/23183/ Implications of consensus target prices Munda, Gal Equity analysts are one of the most important players on the capital markets. They directly influence price movements of the analyzed stock. The main outputs of the analysis are the buy, hold or sell ratings and the analysts’ target prices. This dissertation tests whether the difference between the consensus target price and the actual stock price remains stationary over the long period of time. If that is true, we can develop simple rules which would enable us to use the Target-to-real stock price ratio (TRP ratio) to identify buy/sell signals for specific stocks. 2009 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/23183/1/Dissertation_Final_Document_Gal_Munda.pdf Munda, Gal (2009) Implications of consensus target prices. [Dissertation (University of Nottingham only)] (Unpublished) consensus target prices Black-Litterman portfolio optimization Value-at-Risk Minimum-variance optimization Efficient market hypothesis EMH technical analysis equity analysts |
| spellingShingle | consensus target prices Black-Litterman portfolio optimization Value-at-Risk Minimum-variance optimization Efficient market hypothesis EMH technical analysis equity analysts Munda, Gal Implications of consensus target prices |
| title | Implications of consensus target prices |
| title_full | Implications of consensus target prices |
| title_fullStr | Implications of consensus target prices |
| title_full_unstemmed | Implications of consensus target prices |
| title_short | Implications of consensus target prices |
| title_sort | implications of consensus target prices |
| topic | consensus target prices Black-Litterman portfolio optimization Value-at-Risk Minimum-variance optimization Efficient market hypothesis EMH technical analysis equity analysts |
| url | https://eprints.nottingham.ac.uk/23183/ |