Brookfield (TSE:BN) Upgraded to Strong-Buy at The Goldman Sachs Group

Key Points

• Brookfield was upgraded to a "strong-buy" rating by The Goldman Sachs Group, improving investor sentiment around the stock.
• Brookfield has a consensus rating of "Strong Buy" among analysts, with an average price target of C$81.00.
• The company's stock recently opened at C$91.44, with a market cap of C$136.78 billion and a significant price-to-earnings ratio of 207.82.

The Goldman Sachs Group upgraded shares of Brookfield (TSE:BN - Free Report) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

BN has been the topic of a number of other research reports. National Bank Financial raised shares of Brookfield to a "strong-buy" rating in a report on Monday, July 28th. Royal Bank Of Canada set a C$81.00 price target on shares of Brookfield and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and an average target price of C$81.00.

Brookfield Stock Performance

Shares of BN stock traded up C$0.10 on Tuesday, hitting C$92.16. 1,278,700 shares of the company's stock traded hands, compared to its average volume of 1,744,389. Brookfield has a one year low of C$61.88 and a one year high of C$94.82. The company's fifty day simple moving average is C$89.84 and its 200 day simple moving average is C$81.35. The stock has a market capitalization of C$137.86 billion, a price-to-earnings ratio of 209.45 and a beta of 2.03.

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.