Invesco California Value Mncpl Incm Trst PT Raised to $39.00 at JPMorgan Chase & Co. (VCV)
Equities research analysts at JPMorgan Chase & Co. boosted their price objective on shares of Invesco California Value Mncpl Incm Trst (NYSE:VCV) from $36.00 to $39.00 in a research note issued to investors on Tuesday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 241.21% from the stock’s previous close.
Invesco California Value Mncpl Incm Trst (NYSE:VCV) traded down 1.04% on Tuesday, hitting $11.43. 160,660 shares of the company’s stock traded hands. Invesco California Value Mncpl Incm Trst has a 52-week low of $10.63 and a 52-week high of $14.02. The stock has a 50-day moving average of $11.14 and a 200-day moving average of $11.1.
The company also recently announced a monthly dividend, which is scheduled for Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of 0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Monday, January 13th.
VCV has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Invesco California Value Mncpl Incm Trst to a “buy” rating in a research note to investors on Monday, December 16th. Separately, analysts at Wells Fargo & Co. upgraded shares of Invesco California Value Mncpl Incm Trst from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 12th. Finally, analysts at Credit Suisse cut their price target on shares of Invesco California Value Mncpl Incm Trst from $37.00 to $36.00 in a research note to investors on Wednesday, October 16th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $35.36.
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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