The AES Corporation (NYSE:AES) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $12. The average forecast of all the analysts is $13.25 and the expected standard deviation is $1.33.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Barclays maintains the rating on The AES Corporation (NYSE:AES). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $14 per share to $12 per share. The rating by the firm was issued on January 15, 2016.
The AES Corporation (NYSE:AES): stock turned positive on Thursday. Though the stock opened at $12.07, the bulls momentum made the stock top out at $12.14 level for the day. The stock recorded a low of $12.01 and closed the trading day at $12.1, in the green by 0.92%. The total traded volume for the day was 3,924,907. The stock had closed at $11.99 in the previous days trading.
The company shares have dropped -11.38% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $13.66 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.20 and the 200 Day Moving Average price is recorded at $10.40. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Souza Fabian, officer (VP and Controller) of Aes Corp, had unloaded 2,764 shares at an average price of $10.96 in a transaction dated on March 7, 2016. The total value of the transaction was worth $30,293.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.