Brookfield Business Partners L.P. Limited Partnership Units (BBU) Given New $37.00 Price Target at Scotiabank

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its price target hoisted by Scotiabank from $33.50 to $37.00 in a research note issued to investors on Friday. The firm currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Credit Suisse Group increased their price objective on shares of Brookfield Business Partners L.P. Limited Partnership Units to $3.15 and gave the company an outperform rating in a research report on Friday. Citigroup began coverage on shares of Brookfield Business Partners L.P. Limited Partnership Units in a research report on Wednesday, December 20th. They issued a buy rating and a $39.00 price objective on the stock. Finally, TheStreet downgraded shares of Brookfield Business Partners L.P. Limited Partnership Units from a c rating to a d rating in a research report on Monday, November 6th. Four research analysts have rated the stock with a buy rating, Brookfield Business Partners L.P. Limited Partnership Units currently has a consensus rating of Buy and an average price target of $30.54.

Shares of Brookfield Business Partners L.P. Limited Partnership Units (BBU) opened at $37.99 on Friday. Brookfield Business Partners L.P. Limited Partnership Units has a 52-week low of $23.66 and a 52-week high of $38.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.87.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, November 30th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, November 29th.

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc increased its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 197.5% in the 3rd quarter. CIBC Asset Management Inc now owns 2,135,736 shares of the business services provider’s stock valued at $63,164,000 after purchasing an additional 1,417,874 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 2nd quarter valued at approximately $1,739,000. Mackenzie Financial Corp increased its position in shares of Brookfield Business Partners L.P. Limited Partnership Units by 7.9% in the 3rd quarter. Mackenzie Financial Corp now owns 60,280 shares of the business services provider’s stock valued at $1,787,000 after purchasing an additional 4,400 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 3rd quarter valued at approximately $591,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 2nd quarter valued at approximately $4,207,000. 64.46% of the stock is currently owned by institutional investors.

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Brookfield Business Partners L.P. Limited Partnership Units Company Profile

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