Brookfield Business Partners’ (BBU.UN) Buy Rating Reiterated at CIBC

Brookfield Business Partners (TSE:BBU.UN)‘s stock had its “buy” rating restated by analysts at CIBC in a research note issued on Wednesday, reports. They currently have a C$73.00 price objective on the stock. CIBC’s price objective would indicate a potential upside of 25.17% from the stock’s previous close.

Several other brokerages have also recently weighed in on BBU.UN. National Bank Financial lifted their price target on Brookfield Business Partners to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 29th. Royal Bank of Canada restated a “buy” rating and issued a C$78.00 price objective on shares of Brookfield Business Partners in a research report on Wednesday.

Shares of Brookfield Business Partners stock traded up C$0.44 during trading on Wednesday, reaching C$58.32. 30,989 shares of the company traded hands, compared to its average volume of 70,356. The company has a debt-to-equity ratio of 229.83, a current ratio of 1.11 and a quick ratio of 0.67. Brookfield Business Partners has a 1-year low of C$38.68 and a 1-year high of C$61.13. The company has a 50 day moving average price of C$54.40 and a 200-day moving average price of C$54.10. The firm has a market capitalization of C$4.58 billion and a PE ratio of 25.76.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.

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