Brookfield Business Partners (TSE:BBU.UN) Price Target Cut to C$32.00 by Analysts at Royal Bank of Canada

Brookfield Business Partners (TSE:BBU.UN) had its price target dropped by stock analysts at Royal Bank of Canada from C$33.00 to C$32.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 24.18% from the company’s current price.

Brookfield Business Partners Stock Down 0.9 %

Shares of BBU.UN stock opened at C$25.77 on Monday. Brookfield Business Partners has a 12-month low of C$16.86 and a 12-month high of C$31.82. The firm has a fifty day moving average of C$28.35 and a 200-day moving average of C$26.01. The company has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 2.90, a P/E/G ratio of 2.61 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 245.64.

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.