Shares of Invesco Bond Fund (NYSE:VBF) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.88.

A number of research analysts have weighed in on VBF shares. Deutsche Bank AG restated a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Invesco Bond Fund in a research note on Wednesday, October 5th. Citigroup Inc. restated a “neutral” rating and issued a $27.00 price target (down from $38.00) on shares of Invesco Bond Fund in a research note on Monday, June 27th. Finally, Barclays PLC restated an “overweight” rating and issued a $35.00 price target (down from $37.00) on shares of Invesco Bond Fund in a research note on Thursday, July 7th.

Shares of Invesco Bond Fund (NYSE:VBF) opened at 19.05 on Friday. The stock’s 50 day moving average price is $19.29 and its 200-day moving average price is $18.97. Invesco Bond Fund has a 52-week low of $17.46 and a 52-week high of $19.54.

The company also recently declared a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a dividend of $0.069 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.83 annualized dividend and a yield of 4.35%.

Hedge funds have recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC boosted its stake in Invesco Bond Fund by 9.1% in the second quarter. Gilman Hill Asset Management LLC now owns 12,000 shares of the company’s stock valued at $227,000 after buying an additional 1,000 shares during the last quarter. Raymond James & Associates boosted its stake in Invesco Bond Fund by 11.8% in the second quarter. Raymond James & Associates now owns 18,982 shares of the company’s stock valued at $359,000 after buying an additional 2,000 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its stake in Invesco Bond Fund by 5.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 81,470 shares of the company’s stock valued at $1,539,000 after buying an additional 4,100 shares during the last quarter. Citigroup Inc. purchased a new stake in Invesco Bond Fund during the second quarter valued at $187,000. Finally, Laurion Capital Management LP purchased a new stake in Invesco Bond Fund during the second quarter valued at $475,000.

Invesco Bond Fund Company Profile

Invesco Bond Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to seek interest income while conserving capital. The Fund invests primarily in fixed-rate the United States investment-grade corporate bonds with flexibility to integrate approximately 20% of its total assets in non-investment-grade, the United States dollar denominated and non-United States dollar denominated securities of foreign issuers (both developed and emerging markets).

5 Day Chart for NYSE:VBF

Receive News & Stock Ratings for Invesco Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Bond Fund and related stocks with our FREE daily email newsletter.