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

Brookfield Business Partners (TSE:BBU.UN) had its price target reduced by Royal Bank of Canada from C$33.00 to C$32.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Brookfield Business Partners Trading Up 0.1 %

Shares of Brookfield Business Partners stock opened at C$25.80 on Monday. Brookfield Business Partners has a 52-week low of C$16.86 and a 52-week high of C$31.82. The stock’s 50-day simple moving average is C$28.27 and its 200 day simple moving average is C$26.01. The stock has a market capitalization of C$1.92 billion, a P/E ratio of 2.91, a P/E/G ratio of 2.61 and a beta of 1.42. The company has a debt-to-equity ratio of 245.64, a quick ratio of 0.65 and a current ratio of 1.04.

Brookfield Business Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, February 28th. Brookfield Business Partners’s payout ratio is 3.83%.

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.