CBRE Group’s “Market Outperform” Rating Reaffirmed at Jefferies Group (CBG)
CBRE Group (NYSE:CBG)‘s stock had its “market outperform” rating reiterated by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $37.00 price objective on the stock, up from their previous price objective of $34.00. Jefferies Group’s price objective would indicate a potential upside of 16.90% from the stock’s previous close.
A number of other firms have also recently commented on CBG. Analysts at Barclays raised their price target on shares of CBRE Group from $30.00 to $33.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Separately, 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, July 17th. They now have an “overweight” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.20.
Shares of CBRE Group (NYSE:CBG) traded down 2.65% on Wednesday, hitting $31.65. 3,797,667 shares of the company’s stock traded hands. CBRE Group has a 52 week low of $21.24 and a 52 week high of $33.77. The stock has a 50-day moving average of $32.00 and a 200-day moving average of $28.72. The company has a market cap of $10.446 billion and a price-to-earnings ratio of 31.29.
CBRE Group (NYSE:CBG) last released its earnings data on Tuesday, July 29th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company posted $0.31 earnings per share. CBRE Group’s revenue was up 22.1% compared to the same quarter last year. Analysts expect that CBRE Group will post $1.67 EPS 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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