UBS Group Reaffirms “Buy” Rating for Brookfield Asset Management (TSE:BAM)

Brookfield Asset Management (TSE:BAM) (NYSE:BAM)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS Group in a research note issued to investors on Monday,BayStreet.CA reports.

Separately, Wells Fargo & Company upgraded Brookfield Asset Management to a “strong sell” rating in a research note on Thursday, September 12th.

Brookfield Asset Management Stock Down 1.0 %

Shares of Brookfield Asset Management stock opened at C$82.81 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 6.32. Brookfield Asset Management has a twelve month low of C$50.25 and a twelve month high of C$84.17. The company has a market cap of C$34.68 billion and a price-to-earnings ratio of 55.21. The company’s 50 day moving average is C$75.54 and its 200 day moving average is C$62.50.

Insider Transactions at Brookfield Asset Management

In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Also, Director Brian William Kingston sold 281,250 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$64.40, for a total transaction of C$18,111,093.75. Corporate insiders own 14.10% of the company’s stock.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.