Brookfield (TSE:BN) Sets New 12-Month High - Here's Why

Key Points

• Brookfield Co. shares hit a new 52-week high, trading at C$94.11, marking a significant increase from previous closings.
• The company has received positive ratings from analysts, with Royal Bank Of Canada setting a target price of C$81.00 and National Bank Financial upgrading the stock to a "strong-buy" rating.
• Brookfield Corp focuses on managing a diverse portfolio that includes real estate, renewable power, infrastructure, and private equity, with a current market cap of C$100.05 billion.

Shares of Brookfield Co. (TSE:BN - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$94.11 and last traded at C$93.74, with a volume of 90541 shares. The stock had previously closed at C$93.35.

Analysts Set New Price Targets

BN has been the topic of a number of recent research reports. Royal Bank Of Canada set a C$81.00 price objective on Brookfield and gave the company an "outperform" rating in a report on Wednesday, July 2nd. National Bank Financial raised Brookfield to a "strong-buy" rating in a report on Monday, July 28th.

Brookfield Stock Down 2.9%

The business has a fifty day simple moving average of C$84.93 and a two-hundred day simple moving average of C$80.53. The company has a market capitalization of C$95.77 billion, a price-to-earnings ratio of 107.11 and a beta of 1.75.

Brookfield 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.