A Wall Street analyst has provided a review for the Financial company on December 1, but retained the same rating on the stock. Analyst Michael Brown remains bearish on Brookfield Asset Management Ltd. Class A (BAM – Research Report) and has a $31.00 price target.
According to TipRanks.com, Brown is a 5-star analyst with an average return of 14.8% and a 65.3% success rate. Brown covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Apollo Global Management, and Janus Henderson Group.
Currently, the analyst consensus on Brookfield Asset Management Ltd. Class A is a Moderate Buy with an average price target of C$49.72.
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 785.1K.
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 Friday at C$48.64, close to its 52-week high of C$48.93.
Read More on TSE:BAM:
- Brookfield Asset Management raises $30B for Brookfield Infrastructure Fund V
- Brookfield Asset Management launches Catalytic Transition Fund
- Brookfield Asset Management to Present at the Goldman Sachs U.S. Financial Services Conference
- Brookfield Asset Management opens new office in Frankfurt
- Brookfield Expands its Operations in Germany with a New Frankfurt Office
