Brookfield (TSE:BN) Trading Up 0.6% - Here's Why

Key Points

• Brookfield Co. saw its stock price increase by 0.6%, trading at C$93.35 after reaching a high of C$93.56 during the session.
• The company has a market capitalization of C$99.22 billion and a high PE ratio of 110.96, indicating substantial growth expectations.
• Royal Bank of Canada has set a target price of C$81.00 for Brookfield, with an "outperform" rating reflecting positive outlook from analysts.

Brookfield Co. (TSE:BN - Get Free Report) traded up 0.6% on Tuesday . The company traded as high as C$93.56 and last traded at C$93.35. 1,029,889 shares changed hands during trading, a decline of 41% from the average session volume of 1,754,771 shares. The stock had previously closed at C$92.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. National Bank Financial upgraded Brookfield to a "strong-buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada set a C$81.00 target price on Brookfield and gave the stock an "outperform" rating in a report on Wednesday, July 2nd.

Brookfield Trading Down 2.9%

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. The firm has a 50-day moving average price of C$84.93 and a 200-day moving average price of C$80.54.

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.