Brookfield Asset Management (TSE:BAM) PT Set at C$68.00 by Royal Bank of Canada

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) has been given a C$68.00 price target by analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 0.72% from the company’s previous close.

BAM has been the topic of several other reports. UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock traded up C$1.10 during trading on Monday, hitting C$68.49. 252,564 shares of the company’s stock traded hands, compared to its average volume of 1,143,284. Brookfield Asset Management has a twelve month low of C$51.14 and a twelve month high of C$90.24. The company has a market cap of C$80.41 billion and a PE ratio of 23.57. The firm’s fifty day moving average price is C$79.98 and its 200 day moving average price is C$73.41.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.