Brookfield Asset Management (TSE: BAM.A) (NYSE: BAM) had its price target raised by TD Securities from CA$77.00 to CA$79.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy to list action” rating on the stock. TD Securities’ price target would suggest a potential upside of 6.54% from the company’s previous close.
Separately, Citigroup downgraded shares of Brookfield Asset Management to a “holding” rating and set a price target of C$61.00 for the company. in a research report on Wednesday, January 26. One investment analyst gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a high buy rating. According to MarketBeat, the stock currently has an average buy rating and a consensus price target of C$70.57.
Brookfield Asset Management’s stock traded at C$1.85 midday Friday, hitting C$74.15. The company’s shares had a trading volume of 743,170 shares, compared to its average volume of 1,633,597. The company has a 50-day moving average price of C$72.69 and a two-month moving average price of hundred days of CAN$71.95. The company has a market cap of C$116.29 billion and a price-earnings ratio of 27.33. Brookfield Asset Management has a 1-year low of CA$51.17 and a 1-year high of CA$79.04. The company has a debt ratio of 134.72, a current ratio of 1.26 and a quick ratio of 0.84.
Separately, manager Brian Lawson sold 34,961 shares in a trade on Wednesday, December 29. The shares were sold at an average price of CA$79.27, for a total transaction of CA$2,771,456.36. Additionally, director Augustine Thomas O’donnell purchased 3,513 shares of the company in a transaction that took place on Wednesday, December 1. The shares were purchased at an average cost of CA$72.42 per share, for a total transaction of CA$254,411.46. After the purchase was completed, the director now owns 4,224 shares of the company, valued at C$305,902.08.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc. is a public asset management holding company. The firm specializes in seed stage, acquisitions, distressed investments, short-term financing for middle market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational restructuring and capital structure, strategic reorientation, turnaround and underperforming mid-sized companies.
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