TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Brookfield Corporation ( (TSE:BN) ) has provided an update.
Brookfield Corporation announced the successful completion of a C$250 million issuance of Class A Preference Shares, Series 54, which will trade on the Toronto Stock Exchange. The proceeds will be used to redeem the company’s outstanding Series 44 shares, marking a strategic financial maneuver to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (TSE:BN) stock is a Buy with a C$52.00 price target. To see the full list of analyst forecasts on Brookfield Corporation stock, see the TSE:BN Stock Forecast page.
Spark’s Take on TSE:BN Stock
According to Spark, TipRanks’ AI Analyst, TSE:BN is a Neutral.
Brookfield Corporation’s overall stock score reflects a mix of strong strategic initiatives and financial challenges. The company’s robust earnings call and positive technical indicators are offset by high valuation concerns and financial pressures, particularly in cash flow and leverage.
To see Spark’s full report on TSE:BN stock, click here.
More about Brookfield Corporation
Brookfield Corporation is a global investment firm specializing in alternative asset management, wealth solutions, and operating businesses across renewable power, infrastructure, business and industrial services, and real estate. The company is known for delivering over 15% annualized returns to shareholders for more than 30 years, leveraging its extensive operational experience and global sourcing networks.
Average Trading Volume: 2,440,544
Technical Sentiment Signal: Buy
Current Market Cap: C$160.8B
See more data about BN stock on TipRanks’ Stock Analysis page.