Brookfield (NYSE:BN) Price Target Raised to $69.00 at Scotiabank

Brookfield (NYSE:BN) had its target price upped by analysts at Scotiabank from $65.00 to $69.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 21.27% from the company’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reduced their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. TD Securities raised their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up previously from $50.00) on shares of Brookfield in a research note on Friday. Finally, Keefe, Bruyette & Woods increased their target price on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Price Performance

Brookfield stock traded down $0.90 during midday trading on Friday, reaching $56.90. The company’s stock had a trading volume of 865,199 shares, compared to its average volume of 2,779,958. The stock has a market cap of $93.70 billion, a PE ratio of 97.95 and a beta of 1.53. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. Brookfield has a 52 week low of $33.61 and a 52 week high of $60.20. The business has a 50-day moving average price of $53.26 and a 200-day moving average price of $47.54.

Hedge Funds Weigh In On Brookfield

Several institutional investors have recently added to or reduced their stakes in BN. Blue Trust Inc. increased its stake in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Kings Path Partners LLC bought a new stake in Brookfield during the 2nd quarter valued at $31,000. Family Firm Inc. purchased a new stake in shares of Brookfield during the second quarter worth $36,000. First Personal Financial Services bought a new position in shares of Brookfield in the third quarter worth $42,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Brookfield during the 3rd quarter valued at $42,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.