CBRE Group Rating Reiterated by Barclays (CBG)
CBRE Group (NYSE:CBG)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Tuesday, Stock Ratings Network reports. They currently have a $30.00 price objective on the stock. Barclays’ target price would indicate a potential upside of 4.49% from the company’s current price.
CBRE Group (NYSE:CBG) traded down 0.94% during mid-day trading on Tuesday, hitting $28.44. The stock had a trading volume of 1,341,761 shares. CBRE Group has a 52-week low of $20.59 and a 52-week high of $29.33. The stock’s 50-day moving average is $27.15 and its 200-day moving average is $25.89. The company has a market cap of $9.386 billion and a price-to-earnings ratio of 27.63.
CBRE Group (NYSE:CBG) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.08. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.71 billion. Analysts expect that CBRE Group will post $1.63 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CBG. Analysts at JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $29.00 to $31.00 in a research note on Thursday, March 6th. Separately, analysts at Goldman Sachs initiated coverage on shares of CBRE Group in a research note on Thursday, March 6th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of CBRE Group from a “neutral” rating to an “underperform” rating in a research note on Friday, February 28th. They now have a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating and two have issued a buy rating to the stock. CBRE Group presently has a consensus rating of “Hold” and a consensus target price of $29.50.
CBRE Group, Inc is a holding company that conducts all of its operations through its indirect subsidiaries.
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