Key Points
- Brookfield director Jack Lynn Cockwell sold 152,600 shares on June 23 at an average price of C$62.37, totaling about C$9.52 million. He also sold another 116,700 shares the following day for about C$7.18 million.
- After the sales, Cockwell still held 55.7 million Brookfield shares, worth roughly C$3.47 billion, and his ownership fell by just 0.27%.
- Brookfield shares were trading around C$60.86, near their recent range, while analysts kept a Buy consensus with a target of C$58.50 despite RBC trimming its target to C$61.00.
Brookfield Co. (TSE:BN - Get Free Report) Director Jack Lynn Cockwell sold 116,700 shares of the firm's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$61.52, for a total transaction of C$7,179,384.00. Following the transaction, the director owned 55,597,851 shares of the company's stock, valued at C$3,420,379,793.52. This trade represents a 0.21% decrease in their ownership of the stock.
Jack Lynn Cockwell also recently made the following trade(s):
- On Tuesday, June 23rd, Jack Lynn Cockwell sold 152,600 shares of Brookfield stock. The shares were sold at an average price of C$62.37, for a total transaction of C$9,517,662.00.
Brookfield Price Performance
BN stock opened at C$60.86 on Friday. Brookfield Co. has a 12 month low of C$52.04 and a 12 month high of C$68.44. The firm has a market capitalization of C$135.94 billion, a PE ratio of 119.33 and a beta of 1.61. The company's 50 day simple moving average is C$62.64 and its 200-day simple moving average is C$61.67.
Brookfield (TSE:BN - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$0.92 earnings per share (EPS) for the quarter. The firm had revenue of C$18.58 billion for the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.76%. As a group, sell-side analysts anticipate 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 Brookfield from C$63.00 to C$61.00 and set a "moderate buy" rating for the company in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$58.50.
Read Our Latest Stock Report on BN
Brookfield Company Profile
(
Get Free Report)
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.
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