Brookfield (TSE:BN) Trading 0.9% Higher – Here’s What Happened

Shares of Brookfield Co. (TSE:BN) rose 0.9% during trading on Friday . The company traded as high as C$64.63 and last traded at C$64.59. Approximately 1,534,829 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 2,571,378 shares. The stock had previously closed at C$64.03.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. National Bank Financial raised shares of Brookfield to a “strong-buy” rating in a research report on Monday, July 28th. National Bankshares lowered their price target on shares of Brookfield from C$82.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Finally, The Goldman Sachs Group raised shares of Brookfield to a “strong-buy” rating in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of C$68.50.

Brookfield Stock Performance

The stock has a market capitalization of C$144.93 billion, a P/E ratio of 220.19 and a beta of 1.96. The firm’s fifty day simple moving average is C$84.32 and its 200 day simple moving average is C$83.48.

About Brookfield

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.