CBRE Group, Inc. (NYSE:CBRE) Given Consensus Rating of “Moderate Buy” by Brokerages

CBRE Group, Inc. (NYSE:CBRE) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $182.1429.

A number of research analysts have commented on CBRE shares. UBS Group upped their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Morgan Stanley raised their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Barclays increased their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBRE. Norges Bank bought a new position in shares of CBRE Group in the 2nd quarter valued at $544,554,000. Viking Global Investors LP bought a new position in CBRE Group in the third quarter valued at about $190,648,000. Invesco Ltd. boosted its stake in shares of CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after purchasing an additional 862,656 shares in the last quarter. Principal Financial Group Inc. increased its position in CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in CBRE Group by 210.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after purchasing an additional 734,563 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 0.8%

Shares of NYSE:CBRE opened at $170.24 on Friday. The stock has a market cap of $50.66 billion, a PE ratio of 42.03 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group has a 12-month low of $108.45 and a 12-month high of $173.05. The business has a 50 day moving average of $163.92 and a 200-day moving average of $158.79.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.