If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company over the past four years:

	Year 1				Year 2				Year 3				Year 4
High price	$	98.50			$	122.10			$	131.50			$	148.13
Low price		73.33				89.44				70.12				116.65
EPS		7.78				9.53				10.61				12.00

Earnings are projected to grow at 9 percent over the next year.

What is your high target stock price over the next year?

What is your low target stock price over the next year?