Brookfield Business Partners (TSE:BBU.UN) Stock Price Passes Below Fifty Day Moving Average of $26.61

Shares of Brookfield Business Partners LP (TSE:BBU.UNGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$26.61 and traded as low as C$25.03. Brookfield Business Partners shares last traded at C$25.65, with a volume of 19,355 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price objective on shares of Brookfield Business Partners from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th.

View Our Latest Research Report on Brookfield Business Partners

Brookfield Business Partners Trading Up 0.2 %

The firm has a market cap of C$1.91 billion, a PE ratio of 3.11, a PEG ratio of 2.61 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 237.54. The stock’s fifty day simple moving average is C$26.61 and its two-hundred day simple moving average is C$27.09.

Brookfield Business Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Business Partners’s dividend payout ratio (DPR) is presently 4.12%.

About Brookfield Business Partners

(Get Free Report)

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.

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