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.
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.
Recommended Story: Why do company’s buyback their stock?
Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.