TD Securities began coverage on shares of Brookfield Asset Management (TSE:BAM.A – Get Rating) (NYSE:BAM) in a research note published on Friday morning. The firm issued a buy rating and a C$72.00 target price on the stock.
Separately, Royal Bank of Canada lifted their price target on Brookfield Asset Management from C$63.00 to C$66.00 and gave the stock an outperform rating in a research report on Friday, August 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Brookfield Asset Management has a consensus rating of Moderate Buy and a consensus target price of C$71.30.
Brookfield Asset Management Trading Up 1.2 %
Shares of Brookfield Asset Management stock opened at C$65.47 on Friday. The firm has a market cap of C$102.25 billion and a price-to-earnings ratio of 21.82. Brookfield Asset Management has a twelve month low of C$55.51 and a twelve month high of C$79.04. The company has a quick ratio of 0.98, a current ratio of 1.79 and a debt-to-equity ratio of 148.97. The business has a 50-day moving average price of C$63.04 and a 200-day moving average price of C$64.34.
About Brookfield Asset Management
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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