Brookfield (TSE:BN) Trading Down 2.2% - Should You Sell?

Key Points

• Shares of Brookfield Co. (TSE:BN) fell 2.2% during midday trading, currently priced at C$96.87, significantly down from a previous close of C$99.07.
• Brokerages have shown confidence in Brookfield, with National Bank Financial and Goldman Sachs issuing "strong-buy" ratings, while the stock holds a consensus rating of "Strong Buy" with an average price target of C$81.00.
• Brookfield has a market capitalization of C$144.90 billion and operates in diverse sectors including real estate, infrastructure, renewable power, and private equity.

Shares of Brookfield Co. (TSE:BN - Get Free Report) traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as C$96.86 and last traded at C$96.87. 2,817,458 shares changed hands during trading, an increase of 59% from the average session volume of 1,768,392 shares. The stock had previously closed at C$99.07.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BN. National Bank Financial raised Brookfield to a "strong-buy" rating in a research report 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. Finally, The Goldman Sachs Group upgraded Brookfield to a "strong-buy" rating in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average price target of C$81.00.

Brookfield Price Performance

The business's 50 day moving average price is C$92.27 and its 200 day moving average price is C$82.68. The stock has a market capitalization of C$144.90 billion, a P/E ratio of 220.16 and a beta of 2.03.

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.

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