Brookfield Business Partners (TSE:BBU.UN) Price Target Cut to C$32.00

Brookfield Business Partners (TSE:BBU.UN) had its target price reduced by equities research analysts at Royal Bank of Canada from C$33.00 to C$32.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 24.18% from the company’s current price.

Brookfield Business Partners Stock Down 0.9 %

Shares of BBU.UN opened at C$25.77 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 245.64. The firm has a market cap of C$1.91 billion, a PE ratio of 2.90, a price-to-earnings-growth ratio of 2.61 and a beta of 1.42. The company’s fifty day moving average is C$28.35 and its two-hundred day moving average is C$26.01. Brookfield Business Partners has a fifty-two week low of C$16.86 and a fifty-two week high of C$31.82.

Brookfield Business Partners Company Profile

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.