Brookfield Asset Management (TSE:BAM) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Brookfield Asset Management Ltd. shares have surpassed their 200-day moving average, reaching a peak of C$86.82 during trading, with the latest price at C$83.78.
• National Bank Financial has upgraded the stock to a "strong-buy" rating, while other analysts have issued mixed ratings, resulting in a consensus rating of "Buy" with a price target of C$79.00.
• The company's market capitalization stands at C$98.36 billion, with a price-to-earnings ratio of 28.83, indicating solid financial standing in the market.

Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$76.95 and traded as high as C$86.82. Brookfield Asset Management shares last traded at C$83.78, with a volume of 1,119,751 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Brookfield Asset Management from C$96.00 to C$90.00 in a research report on Thursday, May 1st. National Bank Financial upgraded shares of Brookfield Asset Management to a "strong-buy" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$79.00.

Brookfield Asset Management Trading Up 0.7%

The stock has a market capitalization of C$99.01 billion and a P/E ratio of 29.02. The firm's fifty day moving average is C$79.10 and its 200-day moving average is C$76.93.

Brookfield Asset Management Company Profile

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.