Brookfield Business Partners (TSE:BBU.UN) Price Target Lowered to C$32.00 at Royal Bank of Canada

Brookfield Business Partners (TSE:BBU.UN) had its price target dropped by equities research analysts at Royal Bank of Canada from C$33.00 to C$32.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 23.70% from the stock’s current price.

Brookfield Business Partners Stock Performance

BBU.UN traded down C$0.35 during midday trading on Monday, hitting C$25.87. 32,460 shares of the company traded hands, compared to its average volume of 50,244. Brookfield Business Partners has a 52 week low of C$16.86 and a 52 week high of C$31.82. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 245.64. The company’s 50-day moving average is C$28.55 and its 200 day moving average is C$25.92. The firm has a market capitalization of C$1.92 billion, a PE ratio of 2.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.42.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.