Brookfield Asset Management (TSE:BAM) Given a C$68.00 Price Target by Royal Bank of Canada Analysts

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

BAM has been the topic of a number of other reports. UBS Group reissued 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 Performance

Shares of BAM stock opened at C$69.39 on Monday. The stock’s 50 day simple moving average is C$79.61 and its 200 day simple moving average is C$73.61. Brookfield Asset Management has a twelve month low of C$51.14 and a twelve month high of C$90.24. The company has a market capitalization of C$81.47 billion and a price-to-earnings 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.