Brookfield Business Partners (TSE:BBU.UN - Free Report ) had its price objective cut by Royal Bank of Canada from C$33.00 to C$32.00 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
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Brookfield Business Partners Trading Down 0.8 % Shares of TSE:BBU.UN traded down C$0.22 during midday trading on Monday, hitting C$26.00. 46,012 shares of the stock were exchanged, compared to its average volume of 50,701. The stock has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 2.93, a P/E/G ratio of 2.61 and a beta of 1.42. The company has a debt-to-equity ratio of 245.64, a quick ratio of 0.65 and a current ratio of 1.04. The business's 50-day moving average price is C$28.55 and its 200 day moving average price is C$25.92. Brookfield Business Partners has a 12 month low of C$16.86 and a 12 month high of C$31.82.
Brookfield Business Partners Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a $0.0625 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.25 annualized dividend and a yield of 0.96%. Brookfield Business Partners's dividend payout ratio (DPR) is presently 3.83%.
About Brookfield Business Partners (
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Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.
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