Royal Bank of Canada Trims Brookfield Business Partners (TSE:BBU.UN) Target Price to C$32.00

Brookfield Business Partners (TSE:BBU.UN) had its price target trimmed by Royal Bank of Canada from C$33.00 to C$32.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Brookfield Business Partners Stock Performance

TSE BBU.UN opened at C$26.00 on Monday. The company has a debt-to-equity ratio of 245.64, a current ratio of 1.04 and a quick ratio of 0.65. Brookfield Business Partners has a 1-year low of C$16.86 and a 1-year high of C$31.82. The firm has a market capitalization of C$1.93 billion, a P/E ratio of 2.93, a P/E/G ratio of 2.61 and a beta of 1.42. The business’s 50-day simple moving average is C$28.45 and its 200-day simple moving average is C$25.96.

Brookfield Business Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.25 annualized dividend and a yield of 0.96%. Brookfield Business Partners’s dividend payout ratio is currently 3.83%.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.