CBRE Group Price Target Increased to $33.00 by Analysts at Barclays (CBG)
Stock analysts at Barclays lifted their price objective on shares of CBRE Group (NYSE:CBG) from $30.00 to $33.00 in a report issued on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential downside of 0.15% from the company’s current price.
CBRE Group (NYSE:CBG) traded down 0.15% during mid-day trading on Monday, hitting $33.05. 1,387,174 shares of the company’s stock traded hands. CBRE Group has a one year low of $21.24 and a one year high of $33.24. The stock’s 50-day moving average is $31.51 and its 200-day moving average is $28.4. The company has a market cap of $10.908 billion and a P/E ratio of 31.86.
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. Analysts expect that CBRE Group will post $1.67 EPS for the current fiscal year.
A number of other firms have also recently commented on CBG. Analysts at JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $31.00 to $36.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.50.
CBRE Group, Inc is a holding company that conducts all of its operations through its indirect subsidiaries.
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