Brookfield Asset Management (TSE:BAM) PT Set at C$68.00 by Royal Bank of Canada

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) has been assigned a C$68.00 price objective by research analysts at Royal Bank of Canada in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential downside of 2.00% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Brookfield Asset Management Stock Up 1.4 %

Shares of BAM stock opened at C$69.39 on Monday. The stock has a 50-day simple moving average of C$79.61 and a 200 day simple moving average of C$73.61. Brookfield Asset Management has a fifty-two week low of C$51.14 and a fifty-two week high of C$90.24. The stock has a market capitalization of C$81.47 billion and a P/E ratio of 23.87.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.