Separately, Zacks Investment Research cut Berkshire Hathaway from a “hold” rating to a “sell” rating and set a $218.00 price target for the company. in a report on Monday, October 14th.
Shares of NYSE BRK.B traded down $1.43 during trading hours on Friday, hitting $221.31. 3,253,521 shares of the company’s stock were exchanged, compared to its average volume of 3,882,753. Berkshire Hathaway has a 1-year low of $186.10 and a 1-year high of $223.59. The stock has a market capitalization of $541.39 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 3.00 and a beta of 0.84. The company’s 50-day moving average price is $210.28 and its 200-day moving average price is $207.37.
Berkshire Hathaway Inc, through its subsidiaries engages in insurance, freight rail transportation, and utility businesses. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. The company also generates, transmits, and distributes electricity primarily from solar, wind, geothermal, and hydro sources; operates natural gas distribution and storage facilities, interstate pipelines, and compressor and meter stations; and holds interest in coal mining assets.
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