Brookfield Asset Management (TSE:BAM) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$76.62 and traded as high as C$87.00. Brookfield Asset Management shares last traded at C$86.50, with a volume of 605,762 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. National Bank Financial raised shares of Brookfield Asset Management to a "strong-buy" rating in a research note on Monday, July 28th. UBS Group reduced their price target on shares of Brookfield Asset Management from C$96.00 to C$90.00 in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$79.00.

Brookfield Asset Management Price Performance

The firm has a market capitalization of C$96.88 billion and a price-to-earnings ratio of 28.39. The firm's fifty day moving average is C$78.46 and its 200 day moving average is C$76.81.

Insider Activity at Brookfield Asset Management

In related news, Director Nicholas Howard Goodman sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$79.05, for a total transaction of C$355,721.85. Corporate insiders own 14.10% of the company's stock.

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.