Brookfield Enters Race for Australia’s $1.9 Billion Insignia Financial
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Brookfield's Proposal: Brookfield Asset Management has made a US$1.93 billion non-binding proposal for Insignia Financial, offering 4.60 Australian dollars (US$2.88) per share.
Competitive Bidding: This proposal marks the third interest in Insignia, matching previous offers from CC Capital Partners and Bain Capital.
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Analyst Views on BBU
Wall Street analysts forecast BBU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBU is 37.41 USD with a low forecast of 30.23 USD and a high forecast of 43.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 35.020
Low
30.23
Averages
37.41
High
43.00
Current: 35.020
Low
30.23
Averages
37.41
High
43.00
About BBU
Brookfield Business Partners L.P. is a Bermuda-based company that is focused on owning and operating businesses that provide essential products and services. Its sole direct investment is managing a general partnership interest in Brookfield Business L.P., through which it holds all its interests in its operating businesses. It has four operating segments: Business services, Infrastructure services, Industrials, and Corporate and other. Its business services segment includes a residential mortgage insurer, dealer software and technology services, healthcare services, non-bank financial services, and entertainment operation. Its infrastructure services segment includes services such as offshore oil, modular building leasing, and work access. Its industrials segment includes operations such as advanced energy storage, engineered components manufacturing, and water and wastewater. Its operations are located in the United States, the United Kingdom, Europe, Australia, Canada, and Brazil.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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