Brookfield (TSE:BN) Trading Down 1.2% – Time to Sell?

Brookfield Co. (TSE:BN)’s stock price traded down 1.2% on Friday . The company traded as low as C$61.54 and last traded at C$62.07. 2,647,920 shares traded hands during trading, an increase of 3% from the average session volume of 2,572,444 shares. The stock had previously closed at C$62.80.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered their target price on Brookfield from C$82.00 to C$56.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average target price of C$68.50.

Brookfield Trading Down 1.2%

The business has a 50 day simple moving average of C$64.33 and a 200-day simple moving average of C$76.50. The stock has a market capitalization of C$139.32 billion, a price-to-earnings ratio of 174.03 and a beta of 1.96.

Brookfield (TSE:BN) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.78 EPS for the quarter. The firm 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%. Research analysts predict that Brookfield Co. will post 6.4136752 EPS for the current 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.