Brookfield Asset Management (TSE:BAM) Receives 'Buy' Rating from UBS Group

On December 18th, 2024, UBS Group reaffirmed its "buy" rating for Brookfield Asset Management (TSE:BAM) in a recent report.

In contrast, Wells Fargo & Company assigned a "strong sell" rating to Brookfield Asset Management in a research report dated September 12th.

Current Stock Performance

Brookfield Asset Management's shares opened at C$82.81 on Monday. The company's market capitalization stands at C$34.68 billion, with a price-to-earnings (P/E) ratio of 55.21. The stock's 50-day simple moving average is C$75.54, while the 200-day simple moving average is C$62.50. Over the past year, shares have traded as low as C$50.25 and as high as C$84.17. Brookfield has a debt-to-equity ratio of 6.32, a current ratio of 0.85, and a quick ratio of 0.95.

Insider Transactions

In recent insider trading, Director Justin B. Beber sold 25,000 shares on December 11th at an average price of C$83.87, amounting to approximately C$2,096,630. Additionally, Director Brian William Kingston sold 281,250 shares on September 20th, fetching approximately C$18,111,093.75 at an average price of C$64.40. Insider ownership stands at 14.10% of total shares.

Overview of Brookfield Asset Management

Brookfield Asset Management Ltd. is a leading real estate investment firm that specializes in alternative asset management services. Its diverse operations include renewable power sources such as hydroelectric, wind, and solar energy, alongside its robust infrastructure business that focuses on utilities and transportation, among other sectors.

Brookfield, Rating, Stocks