Brookfield (TSE:BN) Trading Down 1.1% – What’s Next?
by Scott Moore · The Cerbat GemBrookfield Co. (TSE:BN – Get Free Report) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as C$52.34 and last traded at C$52.64. Approximately 2,469,534 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 2,876,475 shares. The stock had previously closed at C$53.25.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on BN shares. Royal Bank Of Canada lowered their price objective on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating for the company in a research note on Friday, May 15th. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$58.50.
View Our Latest Stock Analysis on BN
Brookfield Price Performance
The stock has a fifty day moving average price of C$59.08 and a two-hundred day moving average price of C$59.85. The company has a market cap of C$118.16 billion, a P/E ratio of 98.02 and a beta of 1.58.
Brookfield (TSE:BN – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. Brookfield had a return on equity of 3.05% and a net margin of 1.80%.The business had revenue of C$27.57 billion during the quarter. As a group, analysts forecast that Brookfield Co. will post 6.4136752 earnings per share for the current year.
Insider Buying and Selling at Brookfield
In other news, Director Jack Lynn Cockwell sold 152,600 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$62.37, for a total transaction of C$9,517,662.00. Following the transaction, the director directly owned 55,714,551 shares of the company’s stock, valued at approximately C$3,474,916,545.87. This trade represents a 0.27% decrease in their ownership of the stock. Also, Director Jeffrey Miles Blidner sold 6,400 shares of Brookfield stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$63.71, for a total transaction of C$407,744.00. Following the sale, the director owned 1,258,759 shares in the company, valued at approximately C$80,195,535.89. This represents a 0.51% decrease in their ownership of the stock. In the last three months, insiders sold 296,600 shares of company stock valued at $18,432,796. Company insiders own 19.11% of the company’s stock.
Brookfield Company Profile
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.