Scotiabank Remains a Buy on Brookfield Corporation (BN)
In a report released on February 13, Mario Saric from Scotiabank maintained a Buy rating on Brookfield Corporation, with a price target of $52.00. The company’s shares closed last Friday at C$65.06.
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Saric covers the Real Estate sector, focusing on stocks such as First Capital Realty, AMERICAN HOTEL, and Minto Apartment Real Estate Investment Trust. According to TipRanks, Saric has an average return of 13.1% and a 67.14% success rate on recommended stocks.
Brookfield Corporation has an analyst consensus of Strong Buy, with a price target consensus of $57.00, representing a -12.39% downside. In a report released on February 13, RBC Capital also maintained a Buy rating on the stock with a $60.00 price target.
The company has a one-year high of C$68.44 and a one-year low of C$41.25. Currently, Brookfield Corporation has an average volume of 2.77M.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BN in relation to earlier this year.
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- Brookfield Corp. price target raised to $52 from $49 at Scotiabank
- Brookfield Corp Earnings Call Signals Durable Growth
- Brookfield Corp. reports Q4 distributable EPS 67c vs. 67c last year
- Brookfield Corp. increases quarterly dividend 17% to 7c per share
- Brookfield Posts Record Distributable Earnings and Hikes Dividend 17%
