Shares of Brookfield Asset Management Inc (TSE:BAM.A – Get Rating) (NYSE:BAM) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$68.45 and traded as low as C$56.30. Brookfield Asset Management shares last traded at C$56.88, with a volume of 394,247 shares traded.
Separately, Credit Suisse Group raised shares of Brookfield Asset Management to a “buy” rating and set a C$71.50 target price on the stock in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$70.75.
The stock’s 50 day simple moving average is C$63.02 and its two-hundred day simple moving average is C$68.45. The stock has a market capitalization of C$93.37 billion and a PE ratio of 17.64. The company has a debt-to-equity ratio of 135.62, a current ratio of 1.62 and a quick ratio of 0.94.
Brookfield Asset Management Company Profile (TSE:BAM.A)
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
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