Brookfield (TSE:BN) Stock Price Down 0.6% – Should You Sell?

Brookfield Co. (TSE:BN – Get Free Report) shares fell 0.6% during trading on Wednesday . The stock traded as low as C$58.13 and last traded at C$58.27. Approximately 1,842,769 shares traded hands during trading, a decline of 36% from the average session volume of 2,864,893 shares. The stock had previously closed at C$58.60.

Analyst Ratings Changes

BN has been the subject of several analyst reports. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price objective on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$58.50.

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Brookfield Stock Up 0.6%

The stock has a market capitalization of C$128.14 billion, a price-to-earnings ratio of 106.30 and a beta of 1.60. The firm has a fifty day moving average of C$61.04 and a 200-day moving average of C$60.68.

Brookfield (TSE:BN – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.94 earnings per share (EPS) for the quarter. Brookfield had a return on equity of 3.05% and a net margin of 1.80%.The firm had revenue of C$27.57 billion for the quarter. As a group, research analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.

Insider Activity

In related news, Director Jack Lynn Cockwell sold 116,700 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$61.52, for a total value of C$7,179,384.00. Following the completion of the transaction, the director owned 55,597,851 shares in the company, valued at C$3,420,379,793.52. This represents a 0.21% decrease in their position. Also, Director Jeffrey Miles Blidner sold 1,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of C$63.79, for a total value of C$95,685.00. Following the sale, the director owned 1,242,259 shares of the company’s stock, valued at C$79,243,701.61. This trade represents a 0.12% decrease in their position. Over the last quarter, insiders sold 296,600 shares of company stock worth $18,432,796. 19.11% of the stock is currently owned by insiders.

About Brookfield

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Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.

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