Shares of Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$77.00 and traded as high as C$78.93. Brookfield Asset Management shares last traded at C$78.78, with a volume of 1,605,082 shares trading hands.
Wall Street Analyst Weigh In
BAM has been the topic of several recent analyst reports. Royal Bank of Canada set a C$68.00 target price on Brookfield Asset Management and gave the company an "outperform" rating in a research note on Monday, March 17th. UBS Group lowered their price target on Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st. Finally, Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th.
Read Our Latest Analysis on BAM
Brookfield Asset Management Price Performance
The business's 50 day moving average price is C$73.64 and its 200 day moving average price is C$77.00. The stock has a market capitalization of C$92.49 billion and a P/E ratio of 27.11.
Insider Buying and Selling
In related news, Director Nicholas Howard Goodman sold 4,500 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$79.05, for a total transaction of C$355,721.85. 14.10% of the stock is currently owned by corporate insiders.
About Brookfield Asset Management
(
Get Free Report)
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.
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