Brookfield (TSE:BN) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Brookfield Co. (TSE:BN) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$58.82 and traded as low as C$58.02. Brookfield shares last traded at C$58.42, with a volume of 3,248,606 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Brookfield presently has a consensus rating of “Strong Buy” and an average price target of C$61.00.

Brookfield Stock Down 1.5%

The firm has a market capitalization of C$130.41 billion, a P/E ratio of 108.19 and a beta of 1.67. The firm has a 50 day moving average of C$53.99 and a 200-day moving average of C$58.82.

Brookfield (TSE:BN) last issued its quarterly earnings results on Thursday, November 12th. The company reported C$0.77 earnings per share (EPS) for the quarter. Brookfield had a return on equity of 3.05% and a net margin of 1.80%. The business had revenue of C$29.46 billion for the quarter. As a group, research analysts expect that Brookfield Co. will post 6.41 EPS for the current year.

Insider Buying and Selling at Brookfield

In other news, insider Brian William Kingston sold 675,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of C$50.73, for a total transaction of C$34,242,750.00. Following the sale, the insider directly owned 2,070,014 shares of the company’s stock, valued at approximately C$105,011,810.22. This represents a 24.59% decrease in their position. Insiders own 19.11% of the company’s stock.

Brookfield Company Profile

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.