Analyst Price Target Update on Ameren Corporation (NYSE:AEE)

Ameren Corporation (NYSE:AEE) shares are expected to touch $51 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 1.73. The target price could hit $52 on the higher end and $49 on the lower end.

Many analysts have stated their opinion on the company shares. Barclays maintains its view on Ameren Corporation (NYSE:AEE) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays lowers the price target from $55 per share to $52 per share on Ameren Corporation. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Ameren Corporation (NYSE:AEE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 0.39% at $50.76 with 1,340,007 shares getting traded. Post opening the session at $50.96, the shares hit an intraday low of $50.72 and an intraday high of $51.13 and the price was in this range throughout the day. The company has a market cap of $12,316 million and the number of outstanding shares have been calculated to be 242,634,800 shares. The 52-week high of Ameren Corporation (NYSE:AEE) is $51.13 and the 52-week low is $37.26.

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Companys subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary, ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24,000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40,000 square miles.

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