Brookfield (TSE:BN) Price Target Cut to C$61.00 by Analysts at Royal Bank Of Canada

Brookfield (TSE:BN) had its price target trimmed by Royal Bank Of Canada from C$63.00 to C$61.00 in a research note released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Brookfield Price Performance

Shares of Brookfield stock opened at C$62.68 on Friday. The stock has a market cap of C$140.22 billion, a price-to-earnings ratio of 127.92 and a beta of 1.57. The firm’s 50-day moving average is C$58.75 and its 200 day moving average is C$61.98. Brookfield has a 1 year low of C$51.83 and a 1 year high of C$68.44.

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

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.