Brookfield (TSE:BN) Trading Down 0.9% – Here’s What Happened

Brookfield Co. (TSE:BN) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as C$61.10 and last traded at C$61.35. 2,939,602 shares were traded during trading, an increase of 14% from the average session volume of 2,567,393 shares. The stock had previously closed at C$61.90.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BN shares. National Bankshares reduced their price objective on shares of Brookfield from C$82.00 to C$56.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. The Goldman Sachs Group upgraded Brookfield to a “strong-buy” rating in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$68.50.

Brookfield Price Performance

The company has a market capitalization of C$137.71 billion, a price-to-earnings ratio of 200.05 and a beta of 2.02. The firm’s 50-day simple moving average is C$64.28 and its two-hundred day simple moving average is C$80.57.

Brookfield (TSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. The company had revenue of C$26.34 billion during the quarter. Brookfield had a net margin of 0.99% and a return on equity of 1.99%. On average, analysts expect that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.

About Brookfield

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.