Insider Buying: Brookfield (TSE:BN) Director Buys 16,250 Shares of Stock

Brookfield Co. (TSE:BN) Director Janice Rose Fukakusa bought 16,250 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of C$61.91 per share, with a total value of C$1,006,037.50. Following the completion of the acquisition, the director owned 54,107 shares of the company’s stock, valued at C$3,349,764.37. This represents a 42.92% increase in their position.

Brookfield Trading Up 1.2%

Shares of BN stock traded up C$0.75 on Monday, reaching C$63.46. The company’s stock had a trading volume of 436,101 shares, compared to its average volume of 2,904,356. The stock’s fifty day simple moving average is C$59.35 and its 200-day simple moving average is C$61.86. Brookfield Co. has a 1 year low of C$51.83 and a 1 year high of C$68.44. The company has a market capitalization of C$141.74 billion, a price-to-earnings ratio of 124.43 and a beta of 1.57.

Brookfield (TSE:BN) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. The company had revenue of C$18.58 billion during the quarter. Brookfield had a net margin of 1.76% and a return on equity of 2.87%. Equities research analysts forecast that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada dropped their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$58.50.

Brookfield Company Profile

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.