Brookfield Canada Office Receives a Hold from RBC Capital

By Ryan Adsit

Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst Neil Downey from RBC Capital remains neutral on Brookfield Canada Office (TSX: BOX.UN) and has a C$32.50 price target.

According to TipRanks.com, Downey is a 5-star analyst with an average return of 8.5% and a 75.0% success rate. Downey covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Colliers International Group, and FirstService Corporation.

Brookfield Canada Office has an analyst consensus of Hold, with a price target consensus of C$32.50.

Brookfield Canada Office’s market cap is currently C$859.9M and has a P/E ratio of 21.

Brookfield Canada Office Properties is a real estate investment trust. It invests, owns, develops,and operates a portfolio of commercial properties in Toronto, Calgary, and Vancouver. It focuses on realizing value from its properties through proactive leasing initiatives; prudent capital management; including the refinancing of mature properties and acquiring high-quality commercial properties into the primary markets for value when opportunities arise. The company was founded on March 19, 2010 and is headquartered in Toronto, Canada.

The company’s shares closed last Wednesday at $32.50, close to its 52-week high of $32.69.