How is RBNK stock faring? The RBC Canadian Bank Yield Index ETF is up 13.4% in the past three months and has risen about 43.6% over the past year.
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of its holdings’ analyst ratings, RBNK is a Moderate Buy. The Street’s average price target of C$26.73 implies a downside of about 2.81%.
Currently, RBNK’s holdings with the highest upside potential is Toronto Dominion Bank (TSE:TD).
Meanwhile, its five holdings with the greatest downside potential are Bank of Montreal (TSE:BMO), Bank of Nova Scotia (TSE:BNS), Canadian Imperial Bank of Commerce (TSE:CM), National Bank of Canada (TSE:NA), and Royal Bank of Canada (TSE:RY).
Revealingly, RBNK’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the market.
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