Canaccord Genuity Remains a Buy on Brookfield Asset Mng

By Jason Carr

In a report released yesterday, Mark Rothschild from Canaccord Genuity reiterated a Buy rating on Brookfield Asset Mng (NYSE: BAM), with a price target of $42. The company’s shares closed yesterday at $38.24.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 8.2% and a 70.8% success rate. Rothschild covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Glimcher Realty Trust, and Essex Property Trust.

Currently, the analyst consensus on Brookfield Asset Mng is Strong Buy and the average price target is $43.33, representing a 13.3% upside.

In a report released yesterday, RBC Capital also assigned a Buy rating to the stock with a $43 price target.

Brookfield Asset Mng’s market cap is currently $36.66B and has a P/E ratio of 29.87. The company has a book value ratio of 1.6283.

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Brookfield Asset Management, Inc. is an asset manager company. The company is focused on investing in long-life, high quality assets across real estate, infrastructure, renewable power and private equity.