Ameren Stock: A Moderate Buy with Potential 16% Upside

Ameren Corporation, a large-cap utility company based in Saint Louis, Missouri, has seen its stock price fluctuate recently. After reaching an all-time high of $106.73 in October, the stock has since declined by 8.4% to its current level. Despite this dip, Amerens stock has still performed well over the past year, gaining 9.7% year-to-date and 7.2% over the past 52 weeks. The companys third-quarter results, released in November, showed strong electric revenues and adjusted earnings per share that beat analyst predictions, leading to a small boost in the stock price. Analysts currently have a Moderate Buy rating on Ameren stock, with an average price target of $113.69, suggesting a potential 16.3% increase from its current price levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.