CBRE Group Rating Reiterated by JMP Securities (CBG)
CBRE Group (NYSE:CBG)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research report issued on Monday. They currently have a $34.00 price target on the stock, up from their previous price target of $32.00. JMP Securities’ target price points to a potential upside of 11.33% from the company’s current price.
A number of other analysts have also recently weighed in on CBG. Analysts at Zacks upgraded shares of CBRE Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 28th. They now have a $31.00 price target on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of CBRE Group in a research note on Tuesday, May 6th. They now have a $30.00 price target on the stock, up previously from $29.00. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.50.
Shares of CBRE Group (NYSE:CBG) traded down 0.82% during mid-day trading on Monday, hitting $30.29. 400,828 shares of the company’s stock traded hands. CBRE Group has a one year low of $20.59 and a one year high of $31.01. The stock’s 50-day moving average is $28.99 and its 200-day moving average is $27.16. The company has a market cap of $9.997 billion and a P/E ratio of 29.39.
CBRE Group (NYSE:CBG) last released its earnings data on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that CBRE Group will post $1.65 earnings per share for the current fiscal year.
CBRE Group, Inc is a holding company that conducts all of its operations through its indirect subsidiaries.
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