Brookfield (TSE:BN) Shares Down 0.3% - Here's What Happened

Key Points

• Brookfield Co. shares fell 0.3% to C$94.68, with a significant drop in trading volume, down 45% from the average.
• Wall Street analysts have given Brookfield a consensus "Strong Buy" rating, raising its price target to C$81.00 by Royal Bank of Canada.
• The company has a market capitalization of C$141.63 billion and operates across sectors including Real Estate, Infrastructure, Renewable Power, and Private Equity.

Brookfield Co. (TSE:BN - Get Free Report) shares traded down 0.3% on Friday . The company traded as low as C$94.20 and last traded at C$94.68. 967,913 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,754,898 shares. The stock had previously closed at C$94.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bank Financial raised Brookfield to a "strong-buy" rating in a report on Monday, July 28th. The Goldman Sachs Group raised Brookfield to a "strong-buy" rating in a report on Tuesday, September 2nd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Strong Buy" and a consensus target price of C$81.00.

Brookfield Stock Performance

The stock's 50-day moving average price is C$92.89 and its 200-day moving average price is C$84.26. The company has a market capitalization of C$141.63 billion, a price-to-earnings ratio of 215.18 and a beta of 1.96.

About Brookfield

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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