Brookfield (TSE:BN) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Brookfield Co. (TSE:BN) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$53.68 and traded as high as C$54.16. Brookfield shares last traded at C$53.81, with a volume of 2,992,863 shares traded.

Analyst Ratings Changes

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

Brookfield Trading Up 0.7%

The company has a fifty day simple moving average of C$53.68 and a 200-day simple moving average of C$59.22. The stock has a market cap of C$120.12 billion, a price-to-earnings ratio of 99.65 and a beta of 1.64.

Brookfield (TSE:BN) last announced its earnings results on Thursday, August 13th. The company reported C$0.94 EPS for the quarter. Brookfield had a net margin of 1.80% and a return on equity of 3.05%. The company had revenue of C$27.57 billion during the quarter. As a group, analysts anticipate that Brookfield Co. will post 6.41 earnings per share for the current year.

Insider Activity

In related news, insider Brian William Kingston sold 675,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of C$50.73, for a total value of C$34,242,750.00. Following the completion of the sale, the insider owned 2,070,014 shares in the company, valued at approximately C$105,011,810.22. This represents a 24.59% decrease in their position. 19.11% of the stock is owned by corporate insiders.

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.