Key Points
- Brookfield insider Brian William Kingston sold 675,000 shares at an average price of C$50.73, generating approximately C$34.24 million. His remaining stake fell 24.59% to 2,070,014 shares.
- Brookfield shares opened at C$52.67, with a market capitalization of C$117.58 billion and a 52-week range of C$50.85 to C$68.44. The stock’s 50-day and 200-day moving averages were C$56.49 and C$59.23, respectively.
- Analysts maintain a consensus “Buy” rating, with an average price target of C$58.50; BMO Capital Markets recently upgraded the stock to “strong buy.”
Brookfield Co. (TSE:BN - Get Free Report) insider Brian William Kingston sold 675,000 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of C$50.73, for a total value of C$34,242,750.00. Following the completion of the sale, the insider directly owned 2,070,014 shares in the company, valued at approximately C$105,011,810.22. This represents a 24.59% decrease in their position.
Brookfield Price Performance
Brookfield stock opened at C$52.67 on Friday. The firm has a market capitalization of C$117.58 billion, a P/E ratio of 97.54 and a beta of 1.58. The stock has a fifty day moving average price of C$56.49 and a two-hundred day moving average price of C$59.23. Brookfield Co. has a 52-week low of C$50.85 and a 52-week high of C$68.44.
Brookfield (TSE:BN - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$0.94 EPS for the quarter. Brookfield had a net margin of 1.80% and a return on equity of 3.05%. The company had revenue of C$27.57 billion for the quarter. On average, equities research analysts predict that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, Brookfield currently has a consensus rating of "Buy" and an average price target of C$58.50.
View Our Latest Research Report on Brookfield
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.
Further Reading
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