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BGC Partners (NASDAQ:BGCP) reached a new 52-week high during trading on Friday , American Banking and Market News reports. The company traded as high as $7.65 and last traded at $7.54, with a volume of 358,391 shares. The stock had previously closed at $7.61.

Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of BGC Partners in a research note on Tuesday. They now have a $8.00 price target on the stock, up previously from $7.50. Separately, analysts at BGC Financial raised their price target on shares of BGC Partners from $7.00 to $8.00 in a research note on Friday, May 2nd. Finally, analysts at BGC Financial raised their price target on shares of BGC Partners from $6.00 to $7.00 in a research note on Thursday, April 10th.

The stock has a 50-day moving average of $7.22 and a 200-day moving average of $6.76. The company has a market cap of $1.651 billion and a price-to-earnings ratio of 22.01.

BGC Partners (NASDAQ:BGCP) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.02. The company had revenue of $445.90 million for the quarter, compared to the consensus estimate of $436.00 million. During the same quarter last year, the company posted $0.12 earnings per share. BGC Partners’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that BGC Partners will post $0.57 earnings per share for the current fiscal year.

In other BGC Partners news, Director Stephen T. Curwood sold 4,800 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.48, for a total transaction of $35,904.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BGC Partners, Inc (NASDAQ:BGCP) is a global brokerage company primarily servicing the wholesale financial markets, specializing in the brokering of a range of products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, property derivatives, commodities, futures and structured products.

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