Brookfield Asset Management (TSE:BAM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$77.00 and traded as high as C$78.93. Brookfield Asset Management shares last traded at C$78.78, with a volume of 1,605,082 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada set a C$68.00 target price on shares of Brookfield Asset Management and gave the stock an “outperform” rating in a report on Monday, March 17th.

Brookfield Asset Management Stock Performance

The stock has a market cap of C$92.49 billion and a PE ratio of 27.11. The company’s 50 day simple moving average is C$73.64 and its 200 day simple moving average is C$77.00.

Insider Buying and Selling at Brookfield Asset Management

In other Brookfield Asset Management news, Director Nicholas Howard Goodman sold 4,500 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$79.05, for a total value of C$355,721.85. Company insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.