Key Points
- Brookfield director Janice Rose Fukakusa bought 16,250 shares on May 21 at an average price of C$61.91, a transaction worth about C$1.0 million. The purchase increased her holdings by 42.92% to 54,107 shares.
- Brookfield shares were up 1.6% and opened at C$63.69, trading above both their 50-day and 200-day moving averages. The stock has ranged from C$51.83 to C$68.44 over the past 12 months.
- Analysts remain broadly positive on Brookfield despite a recent target price cut by RBC to C$61.00 from C$63.00. The stock currently has a consensus rating of “Buy” with an average target price of C$58.50.
Brookfield Co. (TSE:BN - Get Free Report) Director Janice Rose Fukakusa bought 16,250 shares of Brookfield stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of C$61.91 per share, for a total transaction of C$1,006,037.50. Following the acquisition, the director owned 54,107 shares in the company, valued at C$3,349,764.37. The trade was a 42.92% increase in their ownership of the stock.
Brookfield Trading Up 1.6%
BN stock opened at C$63.69 on Tuesday. The stock's 50 day simple moving average is C$59.56 and its 200 day simple moving average is C$61.86. Brookfield Co. has a 12-month low of C$51.83 and a 12-month high of C$68.44. The firm has a market cap of C$142.26 billion, a P/E ratio of 124.88 and a beta of 1.57.
Brookfield (TSE:BN - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.92 earnings per share (EPS) for the quarter. Brookfield had a net margin of 1.76% and a return on equity of 2.87%. The company had revenue of C$18.58 billion for the quarter. On average, research analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada decreased their target price 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. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of "Buy" and an average target price of C$58.50.
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Brookfield Company Profile
(
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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.
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