National Bank Financial Upgrades Brookfield (TSE:BN) to Strong-Buy

Brookfield (TSE:BN) was upgraded by equities researchers at National Bank Financial to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada set a C$81.00 price target on Brookfield and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd.

Brookfield Stock Performance

Shares of TSE BN opened at C$93.35 on Monday. Brookfield has a fifty-two week low of C$58.35 and a fifty-two week high of C$94.00. The firm has a market capitalization of C$99.22 billion, a PE ratio of 110.96 and a beta of 1.75. The stock’s 50-day simple moving average is C$84.13 and its 200-day simple moving average is C$80.28.

About Brookfield

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.