Invesco California Value Mncpl Incm Trst Price Target Lowered to $36.00 at Credit Suisse (VCV)
Stock analysts at Credit Suisse dropped their target price on shares of Invesco California Value Mncpl Incm Trst (NYSE:VCV) from $37.00 to $36.00 in a report issued on Wednesday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 232.10% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Invesco California Value Mncpl Incm Trst from $36.00 to $33.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Sterne Agee downgraded shares of Invesco California Value Mncpl Incm Trst from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.27.
Shares of Invesco California Value Mncpl Incm Trst (NYSE:VCV) traded up 0.46% on Wednesday, hitting $10.82. 85,732 shares of the company’s stock traded hands. Invesco California Value Mncpl Incm Trst has a 1-year low of $10.65 and a 1-year high of $14.28. The stock has a 50-day moving average of $11.02 and a 200-day moving average of $11.88.
The company also recently declared a monthly dividend, which is scheduled for Thursday, October 31st. Investors of record on Friday, October 11th will be given a dividend of $0.07 per share. This represents a $0.79 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend is Wednesday, October 9th.
Invesco California Value Municipal Income Trust, formerly Invesco Van Kampen California Value Municipal Income Trust, is a diversified, closed-end management investment company.
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