1 Wall Street Analyst Warns That 3M Stock Has 9% Downside Risk
With a forward P/E ratio of less than 10, and a great dividend yield of 6.5%, industrial conglomerate 3M Company (NYSE: MMM) looks for all the world like a high quality large-cap dividend stock trading for a bargain price. But looks can be deceiving.
Earlier this month, my fellow Motley Fool contributor Travis Hoium posted a point-by-point explanation for why he is not currently (and may not ever again be) interested in buying 3M stock. Just a few days later, RBC Capital analyst Deane Dray chimed in with a warning of his own: 3M stock is going to just $84 a share, which would cost investors as much as a 9% loss from the closing price notched just before Street Insider posted the RBC analyst news.
Source Fool.com
Royal Bank of Canada Stock
€103.22
1.550%
Currently there is a rather positive sentiment for Royal Bank of Canada with 8 Buy predictions and 3 Sell predictions.
As a result the target price of 119 € shows a slightly positive potential of 15.29% compared to the current price of 103.22 € for Royal Bank of Canada.
