CBRE Group Stock Rating Reaffirmed by JPMorgan Chase & Co. (CBG)
CBRE Group (NYSE:CBG)‘s stock had its “overweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They currently have a $36.00 price target on the stock, up from their previous price target of $31.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 9.42% from the company’s current price.
Shares of CBRE Group (NYSE:CBG) traded down 0.27% during mid-day trading on Thursday, hitting $32.81. The stock had a trading volume of 1,326,600 shares. CBRE Group has a 52-week low of $21.24 and a 52-week high of $33.06. The stock has a 50-day moving average of $31. and a 200-day moving average of $28.27. The company has a market cap of $10.828 billion and a P/E ratio of 31.67.
CBRE Group (NYSE:CBG) last issued its quarterly 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 $1.67 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CBG. 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 four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.75.
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.