Brookfield Business Partners LP (TSE:BBU.UN)’s stock price rose 0.5% on Tuesday . The company traded as high as C$51.21 and last traded at C$51.17. Approximately 32,189 shares traded hands during trading, a decline of 65% from the average daily volume of 92,024 shares. The stock had previously closed at C$50.94.
BBU.UN has been the subject of a number of recent analyst reports. National Bank Financial increased their target price on shares of Brookfield Business Partners to C$47.00 and gave the company an “outperform” rating in a research report on Friday, February 5th. Royal Bank of Canada increased their target price on shares of Brookfield Business Partners to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday, February 9th.
The firm has a market cap of C$4.10 billion and a price-to-earnings ratio of -85.82. The business’s 50-day simple moving average is C$51.57 and its two-hundred day simple moving average is C$47.20. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 241.57.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, February 25th. Brookfield Business Partners’s payout ratio is -41.19%.
Brookfield Business Partners Company Profile (TSE:BBU.UN)
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.
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