Analysts Set Brookfield Glbl Lstd Infrstr Incm Fd Inc (NYSE:INF) PT at $849.50
Brookfield Glbl Lstd Infrstr Incm Fd Inc (NYSE:INF) has been given an average rating of “Buy” by the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $852.40.
Several research analysts recently commented on the stock. Berenberg Bank decreased their target price on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $890.00 to $845.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Brookfield Glbl Lstd Infrstr Incm Fd in a research note on Tuesday, November 5th. Goldman Sachs Group downgraded shares of Brookfield Glbl Lstd Infrstr Incm Fd to a “sell” rating and decreased their target price for the stock from $857.00 to $723.00 in a research note on Monday, October 28th. Barclays decreased their target price on shares of Brookfield Glbl Lstd Infrstr Incm Fd from $925.00 to $920.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, UBS Group reaffirmed a “buy” rating and issued a $905.00 target price on shares of Brookfield Glbl Lstd Infrstr Incm Fd in a research note on Tuesday.
In other news, insider Byass Adrian 1,500,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. 5.44% of the stock is currently owned by insiders.
Shares of NYSE INF traded up $0.04 during mid-day trading on Monday, hitting $13.48. The stock had a trading volume of 66,889 shares, compared to its average volume of 56,952. Brookfield Glbl Lstd Infrstr Incm Fd has a 1 year low of $9.48 and a 1 year high of $14.15. The business has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $13.05.
The business also recently disclosed a dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.082 per share. The ex-dividend date is Tuesday, November 12th.
Brookfield Glbl Lstd Infrstr Incm Fd Company Profile
Brookfield Global Listed Infrastructure Income Fund Inc is a closed-ended equity mutual fund launched and managed by Brookfield Investment Management Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure sector. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as temporary market mispricing, values of assets, and cash flows to create its portfolio.
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