Brookfield Asset Management (TSE:BAM.A) Stock Passes Above 200 Day Moving Average of $50.37

Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.37 and traded as high as C$57.28. Brookfield Asset Management shares last traded at C$56.59, with a volume of 1,010,517 shares.

Several research firms have recently commented on BAM.A. Royal Bank of Canada lifted their price target on shares of Brookfield Asset Management to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Raymond James lifted their price target on shares of Brookfield Asset Management to C$65.00 and gave the company an “outperform” rating in a report on Tuesday, February 16th. Finally, TD Securities lifted their price target on shares of Brookfield Asset Management to C$63.00 and gave the company an “action list buy” rating in a report on Tuesday, February 16th.

The company has a current ratio of 1.40, a quick ratio of 0.59 and a debt-to-equity ratio of 129.54. The business’s fifty day moving average is C$54.93 and its 200 day moving average is C$50.43. The firm has a market capitalization of C$85.93 billion and a P/E ratio of -475.75.

In other news, Director Marcel R. Coutu purchased 6,440 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The shares were acquired at an average price of C$56.72 per share, for a total transaction of C$365,289.68. Following the completion of the acquisition, the director now directly owns 97,247 shares of the company’s stock, valued at C$5,516,044.33.

Brookfield Asset Management Company Profile (TSE:BAM.A)

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Recommended Story: Why do companies issue convertible shares?

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.