Brookfield Business Partners L.P. Limited Partnership Units (BBU) PT Raised to $37.00

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) had its target price increased by equities research analysts at Scotiabank from $33.50 to $37.00 in a research report issued on Friday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Scotiabank’s target price would indicate a potential downside of 2.61% from the company’s current price.

Several other research firms have also recently commented on BBU. Citigroup initiated 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 target price for the company. Credit Suisse Group upped their target price on shares of Brookfield Business Partners L.P. Limited Partnership Units to $3.15 and gave the stock an “outperform” rating in a research report on Friday. Finally, TheStreet cut 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 analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $30.54.

Brookfield Business Partners L.P. Limited Partnership Units (NYSE:BBU) opened at $37.99 on Friday. Brookfield Business Partners L.P. Limited Partnership Units has a 1 year low of $23.66 and a 1 year high of $38.83. The company has a quick ratio of 0.70, a current ratio of 0.87 and a debt-to-equity ratio of 0.45.

Several large investors have recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake 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 worth $63,164,000 after acquiring an additional 1,417,874 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Brookfield Business Partners L.P. Limited Partnership Units by 699.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 806,993 shares of the business services provider’s stock worth $32,983,000 after acquiring an additional 706,081 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Brookfield Business Partners L.P. Limited Partnership Units by 161.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 268,888 shares of the business services provider’s stock worth $7,259,000 after acquiring an additional 166,138 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Brookfield Business Partners L.P. Limited Partnership Units by 3.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 161,600 shares of the business services provider’s stock worth $4,796,000 after acquiring an additional 6,100 shares during the period. Finally, CIBC World Markets Inc. acquired a new stake in shares of Brookfield Business Partners L.P. Limited Partnership Units in the 2nd quarter worth approximately $1,739,000. 64.46% of the stock is owned by institutional investors.

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