Equities research analysts at Raymond James Financial assumed coverage on shares of CBRE Group (NYSE:CBG) in a report released on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $55.00 price target on the financial services provider’s stock. Raymond James Financial’s price target would indicate a potential upside of 29.32% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday. Barclays reissued a “buy” rating and set a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. Bank of America upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Evercore ISI started coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. CBRE Group has an average rating of “Hold” and an average target price of $45.63.
Shares of CBRE Group (NYSE:CBG) traded up $0.75 during midday trading on Tuesday, hitting $42.53. 3,117,765 shares of the company’s stock traded hands, compared to its average volume of 1,883,486. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $14,160.00, a P/E ratio of 18.41, a PEG ratio of 1.19 and a beta of 1.83. CBRE Group has a 12 month low of $30.43 and a 12 month high of $46.60.
In other CBRE Group news, Director Frederic V. Malek sold 6,900 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total transaction of $298,632.00. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at $11,575,062.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Calvin W. Frese, Jr. sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $41.01, for a total transaction of $820,200.00. Following the transaction, the insider now directly owns 201,673 shares in the company, valued at approximately $8,270,609.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,988,565 shares of company stock worth $127,627,161. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of CBG. Invictus RG purchased a new position in CBRE Group during the third quarter worth approximately $104,000. Fieldpoint Private Securities LLC purchased a new position in CBRE Group during the third quarter worth approximately $104,000. BB&T Investment Services Inc. purchased a new position in CBRE Group during the second quarter worth approximately $125,000. Cerebellum GP LLC purchased a new position in CBRE Group during the fourth quarter worth approximately $127,000. Finally, Zions Bancorporation raised its stake in CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares during the period. 94.66% of the stock is currently owned by institutional investors.
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About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
