In a latest note to investors, a research analyst has provided a rating update for the Brookfield Asset Management Ltd. Class A (BAM – Research Report). The NA company, Brookfield Asset Management Ltd. Class A (TSX: BAM) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Movahedi is a 3-star analyst with an average return of 2.7% and a 43.5% success rate. Movahedi covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
Currently, the analyst consensus on Brookfield Asset Management Ltd. Class A is a Moderate Buy with an average price target of C$50.79, a 17.0% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $37.00 price target.
The company has a one-year high of C$48.93 and a one-year low of C$36.65. Currently, Brookfield Asset Management Ltd. Class A has an average volume of 781.6K.
Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a leading global alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
The company’s shares closed last Monday at C$42.71.
Read More on TSE:BAM:
- Brookfield Asset Management (TSE:BAM) Slips despite Rising Profit
- Brookfield Asset Management reports Q3 distributable EPS 35c, consensus 32c
- Brookfield Asset Management Announces Strong Third Quarter Results
- BAM Upcoming Earnings Report: What to Expect?
- Cushman no longer handling office listings for Brookfield, Bloomberg reports
