Brookfield Asset Management (TSE:BAM) Earns “Buy” Rating from UBS Group

Brookfield Asset Management (TSE:BAM) (NYSE:BAM)‘s stock had its “buy” rating restated by UBS Group in a report released on Monday,BayStreet.CA reports.

Separately, Wells Fargo & Company raised Brookfield Asset Management to a “strong sell” rating in a research report on Thursday, September 12th.

Brookfield Asset Management Stock Down 1.0 %

Shares of TSE BAM opened at C$82.81 on Monday. The company has a market cap of C$34.68 billion and a P/E ratio of 55.21. The firm has a 50-day simple moving average of C$75.54 and a two-hundred day simple moving average of C$62.50. Brookfield Asset Management has a 1 year low of C$50.25 and a 1 year high of C$84.17. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95.

Insider Buying and Selling

In other news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total value of C$2,096,630.00. Also, Director Brian William Kingston sold 281,250 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$64.40, for a total transaction of C$18,111,093.75. 14.10% of the stock is owned by insiders.

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.