Brookfield (TSE:BN) Director Buys C$1,006,037.50 in Stock

Brookfield Co. (TSE:BN) Director Janice Rose Fukakusa acquired 16,250 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of C$61.91 per share, with a total value of C$1,006,037.50. Following the completion of the purchase, the director directly owned 54,107 shares of the company’s stock, valued at C$3,349,764.37. This trade represents a 42.92% increase in their ownership of the stock.

Brookfield Price Performance

Shares of TSE:BN traded up C$0.75 on Monday, hitting C$63.46. 436,101 shares of the company’s stock were exchanged, compared to its average volume of 2,904,356. Brookfield Co. has a 12 month low of C$51.83 and a 12 month high of C$68.44. The stock has a market capitalization of C$141.74 billion, a price-to-earnings ratio of 124.43 and a beta of 1.57. The business’s 50 day simple moving average is C$59.35 and its two-hundred day simple moving average is C$61.86.

Brookfield (TSE:BN) last released its earnings results on Thursday, May 14th. The company reported C$0.92 earnings per share for the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.76%.The business had revenue of C$18.58 billion during the quarter. Equities analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada decreased their target price on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating for the company in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$58.50.

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.