In a report released on February 9, Geoffrey Kwan from RBC Capital maintained a Buy rating on Brookfield Corporation (BN – Research Report), with a price target of $53.00. The company’s shares closed last Friday at $40.84.
According to TipRanks, Kwan is a 5-star analyst with an average return of 6.8% and a 60.59% success rate. Kwan covers the Financial sector, focusing on stocks such as Brookfield Corporation, Equitable Group, and TMX Group.
Brookfield Corporation has an analyst consensus of Strong Buy, with a price target consensus of $49.00, representing a 19.98% upside. In a report released on February 9, BMO Capital also maintained a Buy rating on the stock with a $44.00 price target.
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BN market cap is currently $66.94B and has a P/E ratio of 66.03.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brookfield Corporation (BN) Company Description:
Canada-based Brookfield Asset Management, Inc. is a leading alternative asset management company, focusing on real estate, renewable power, infrastructure and private equity. The company manages a range of public and private investment products and services for institutional and retail clients.
Read More on BN:
- Brookfield Corporation Reports Strong 2023 Results
- Brookfield Corp. reports Q4 distributable EPS 83c vs. 94c last year
- BN Upcoming Earnings Report: What to Expect?
- Brookfield Corp. price target raised to $61 from $55 at TD Securities
- Brookfield Corp. price target raised to $49 from $46.25 at Scotiabank
