CBRE Group Hits New 1-Year High at $32.74 (CBG)
Shares of CBRE Group (NYSE:CBG) reached a new 52-week high on Thursday , AnalystRatings.Net reports. The company traded as high as $32.74 and last traded at $32.67, with a volume of 633,902 shares. The stock had previously closed at $32.51.
CBG has been the subject of a number of recent research reports. Analysts at JMP Securities reiterated a “market outperform” rating on shares of CBRE Group in a research note on Monday, June 16th. They now have a $34.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, 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 has a consensus rating of “Buy” and a consensus target price of $31.50.
The stock has a 50-day moving average of $30.88 and a 200-day moving average of $28.0. The company has a market cap of $10.769 billion and a P/E ratio of 31.29.
CBRE Group (NYSE:CBG) last announced its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 $1.67 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.