Brookfield Asset Management (TSE:BAM.A) Stock Rating Reaffirmed by Royal Bank of Canada

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Royal Bank of Canada reaffirmed their outperform rating on shares of Brookfield Asset Management (TSE:BAM.A) (NYSE:BAM) in a report released on Tuesday morning, Stock Target Advisor reports. Royal Bank of Canada currently has a C$69.00 target price on the stock.

Several other analysts have also recently issued reports on BAM.A. TD Securities increased their target price on Brookfield Asset Management to C$63.00 and gave the stock an action list buy rating in a research report on Tuesday, February 16th. Raymond James raised their price target on Brookfield Asset Management to C$65.00 and gave the company an outperform rating in a report on Tuesday, February 16th.

TSE BAM.A opened at C$57.98 on Tuesday. The stock’s 50-day moving average price is C$55.25 and its 200-day moving average price is C$50.98. The company has a quick ratio of 0.59, a current ratio of 1.40 and a debt-to-equity ratio of 129.54. Brookfield Asset Management has a 52 week low of C$38.77 and a 52 week high of C$58.00. The company has a market capitalization of C$91.47 billion and a P/E ratio of -383.97.

In other Brookfield Asset Management news, Director Marcel R. Coutu purchased 6,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was purchased at an average cost of C$56.72 per share, with a total value of C$365,289.68. Following the purchase, the director now owns 97,247 shares of the company’s stock, valued at C$5,516,044.33.

About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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