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

Key Points

• Brookfield Co. shares traded down 0.3% during mid-day trading, reaching a price of C$90.27 after trading as low as C$89.61.
• Analysts have mixed ratings for the stock, with a consensus rating of "Strong Buy" and an average target price set at C$81.00.
• The company's market cap stands at C$135.03 billion, with a P/E ratio of 205.16 and a beta of 2.10, indicating a level of market volatility.

Brookfield Co. (TSE:BN - Get Free Report) traded down 0.3% during mid-day trading on Monday . The company traded as low as C$89.61 and last traded at C$90.27. 1,915,755 shares were traded during mid-day trading, an increase of 9% from the average session volume of 1,753,274 shares. The stock had previously closed at C$90.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. 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. National Bank Financial upgraded Brookfield to a "strong-buy" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average target price of C$81.00.

Brookfield Stock Down 0.3%

The firm has a market cap of C$135.03 billion, a P/E ratio of 205.16 and a beta of 2.10. The business has a fifty day moving average of C$89.21 and a 200 day moving average of C$81.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.