Scotiabank Increases Brookfield (NYSE:BN) Price Target to $71.00

Brookfield (NYSE:BN) had its price objective increased by research analysts at Scotiabank from $69.00 to $71.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 21.39% from the company’s current price.

BN has been the subject of several other research reports. CIBC raised their price objective on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Finally, Morgan Stanley started coverage on shares of Brookfield in a report on Thursday, January 23rd. They set an “overweight” rating and a $80.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.28.

Brookfield Stock Down 1.4 %

Shares of Brookfield stock opened at $58.49 on Monday. The firm has a market cap of $96.26 billion, a price-to-earnings ratio of 124.45 and a beta of 1.57. The stock’s 50-day moving average is $58.64 and its 200 day moving average is $53.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield has a one year low of $38.18 and a one year high of $62.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Compass Planning Associates Inc bought a new position in shares of Brookfield during the 4th quarter worth approximately $30,000. First Personal Financial Services bought a new position in shares of Brookfield in the third quarter valued at approximately $42,000. FSA Wealth Management LLC purchased a new stake in shares of Brookfield during the third quarter valued at approximately $42,000. Prestige Wealth Management Group LLC lifted its holdings in Brookfield by 137.0% during the third quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares during the period. Finally, Continuum Advisory LLC purchased a new position in Brookfield in the third quarter worth $55,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.