Brookfield Asset Management Ltd. (TSE:BAM) Stock Has Average Target Price of C$75.00 According to Analysts

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) has been assigned an average recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$75.00.

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong-buy” rating in a research report on Friday, October 2nd.

Brookfield Asset Management Stock Up 2.0%

Shares of TSE:BAM opened at C$65.52 on Friday. Brookfield Asset Management has a 52 week low of C$58.09 and a 52 week high of C$82.98. The company has a debt-to-equity ratio of 54.43, a quick ratio of 0.95 and a current ratio of 2.97. The company has a market capitalization of C$104.65 billion, a PE ratio of 37.66, a PEG ratio of 0.43 and a beta of 1.54. The company has a 50 day moving average price of C$68.51 and a two-hundred day moving average price of C$66.34.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.