Ameren Corp. Given New $36.00 Price Target at Goldman Sachs Group Inc. (AEE)
Analysts at Goldman Sachs Group Inc. boosted their price target on shares of Ameren Corp. (NYSE:AEE) from $35.00 to $36.00 in a research report issued to clients and investors on Monday, American Banking & Market News reports. Goldman Sachs Group Inc.’s target price points to a potential downside of 1.32% from the stock’s previous close.
Ameren Corp. (NYSE:AEE) traded up 0.83% during mid-day trading on Monday, hitting $36.48. 1,149,552 shares of the company’s stock traded hands. Ameren Corp. has a 1-year low of $28.43 and a 1-year high of $36.78. The stock’s 50-day moving average is $35.21 and its 200-day moving average is $34.90. The company’s market cap is $8.851 billion.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, December 9th.
AEE has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Ameren Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, September 20th. They now have a $39.00 price target on the stock, up previously from $38.00. Analysts at Zacks reiterated a “neutral” rating on shares of Ameren Corp. in a research note to investors on Friday, August 30th. They now have a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.50.
Ameren Corporation (NYSE:AEE) utility holding company.
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