CBRE Group Price Target Increased to $37.00 by Analysts at JMP Securities (CBG)
Research analysts at JMP Securities lifted their price objective on shares of CBRE Group (NYSE:CBG) from $34.00 to $37.00 in a report released on Thursday. JMP Securities’ target price would indicate a potential upside of 19.55% from the company’s current price.
Shares of CBRE Group (NYSE:CBG) traded up 0.36% on Thursday, hitting $30.95. 4,065,425 shares of the company’s stock traded hands. CBRE Group has a 1-year low of $21.24 and a 1-year high of $33.77. The stock’s 50-day moving average is $32.08 and its 200-day moving average is $28.79. The company has a market cap of $10.218 billion and a price-to-earnings ratio of 26.84.
CBRE Group (NYSE:CBG) last released its earnings data on Tuesday, July 29th. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts predict that CBRE Group will post $1.68 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CBG. Analysts at Jefferies Group reiterated a “market outperform” rating on shares of CBRE Group in a research note on Wednesday. They now have a $37.00 price target on the stock, up previously from $34.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $34.80.
CBRE Group, Inc is a holding company that conducts all of its operations through its indirect subsidiaries.
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