UBS Group Issues Pessimistic Forecast for Brookfield Asset Management (TSE:BAM) Stock Price

Brookfield Asset Management (TSE:BAMGet Free Report) (NYSE:BAM) had its target price reduced by research analysts at UBS Group from C$96.00 to C$90.00 in a research note issued on Thursday,BayStreet.CA reports. UBS Group’s price target indicates a potential upside of 19.03% from the company’s previous close.

A number of other brokerages also recently weighed in on BAM. Royal Bank of Canada set a C$68.00 price objective on Brookfield Asset Management and gave the company an “outperform” rating in a research report on Monday, March 17th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Read Our Latest Research Report on BAM

Brookfield Asset Management Trading Up 2.6 %

Shares of TSE BAM opened at C$75.61 on Thursday. Brookfield Asset Management has a 12-month low of C$51.14 and a 12-month high of C$90.24. The stock’s fifty day simple moving average is C$70.34 and its two-hundred day simple moving average is C$75.95. The stock has a market capitalization of C$88.77 billion and a PE ratio of 26.01.

About Brookfield Asset Management

(Get Free Report)

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.

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