Brookfield Glbl Lstd Infrstr Incm Fd (NYSE:INF) Stock Rating Reaffirmed by Credit Suisse Group

Brookfield Glbl Lstd Infrstr Incm Fd (NYSE:INF)‘s stock had its “outperform” rating reissued by investment analysts at Credit Suisse Group in a report released on Tuesday, Stock Target Advisor reports.

Several other brokerages also recently issued reports on INF. Berenberg Bank cut their price objective on Brookfield Glbl Lstd Infrstr Incm Fd from $890.00 to $845.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Barclays cut their price objective on Brookfield Glbl Lstd Infrstr Incm Fd from $1,000.00 to $925.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. UBS Group cut their price target on Brookfield Glbl Lstd Infrstr Incm Fd from $960.00 to $905.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Goldman Sachs Group downgraded Brookfield Glbl Lstd Infrstr Incm Fd to a “sell” rating and cut their price target for the company from $857.00 to $723.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $849.50.

Shares of Brookfield Glbl Lstd Infrstr Incm Fd stock opened at $13.70 on Tuesday. Brookfield Glbl Lstd Infrstr Incm Fd has a 1 year low of $9.48 and a 1 year high of $14.15. The business has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.01.

In other Brookfield Glbl Lstd Infrstr Incm Fd news, insider Byass Adrian 1,500,000 shares of Brookfield Glbl Lstd Infrstr Incm Fd stock in a transaction on Wednesday, October 30th. Insiders own 5.44% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its holdings in Brookfield Glbl Lstd Infrstr Incm Fd by 323.5% in the 2nd quarter. Advisor Group Inc. now owns 10,165 shares of the closed-end fund’s stock valued at $130,000 after acquiring an additional 7,765 shares during the last quarter. Walleye Trading LLC grew its stake in shares of Brookfield Glbl Lstd Infrstr Incm Fd by 31.0% during the 2nd quarter. Walleye Trading LLC now owns 14,800 shares of the closed-end fund’s stock valued at $189,000 after buying an additional 3,500 shares during the period. Walleye Trading Advisors LLC grew its stake in shares of Brookfield Glbl Lstd Infrstr Incm Fd by 60.4% during the 2nd quarter. Walleye Trading Advisors LLC now owns 16,200 shares of the closed-end fund’s stock valued at $207,000 after buying an additional 6,100 shares during the period. 6 Meridian grew its stake in shares of Brookfield Glbl Lstd Infrstr Incm Fd by 3.7% during the 2nd quarter. 6 Meridian now owns 22,108 shares of the closed-end fund’s stock valued at $283,000 after buying an additional 782 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Brookfield Glbl Lstd Infrstr Incm Fd during the 2nd quarter valued at $344,000. Institutional investors own 23.39% of the company’s stock.

Brookfield Glbl Lstd Infrstr Incm Fd Company Profile

Brookfield Global Listed Infrastructure Income Fund Inc is a closed-ended equity mutual fund launched and managed by Brookfield Investment Management Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the infrastructure sector. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as temporary market mispricing, values of assets, and cash flows to create its portfolio.

Further Reading: What are Institutional Investors?

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Analyst Recommendations for Brookfield Glbl Lstd Infrstr Incm Fd (NYSE:INF)

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