UBS Group Lowers Jones Lang LaSalle (NYSE:JLL) Price Target to $247.00

Jones Lang LaSalle (NYSE:JLLGet Rating) had its price objective cut by UBS Group from $287.00 to $247.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on JLL. Raymond James upped their price target on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an outperform rating in a report on Thursday, August 4th. StockNews.com cut Jones Lang LaSalle from a buy rating to a hold rating in a report on Thursday, September 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $271.50.

Jones Lang LaSalle Stock Down 1.9 %

Shares of NYSE:JLL opened at $157.14 on Wednesday. The stock has a market capitalization of $7.53 billion, a P/E ratio of 8.06 and a beta of 1.28. Jones Lang LaSalle has a 1 year low of $154.63 and a 1 year high of $275.77. The stock has a 50-day simple moving average of $177.00 and a 200-day simple moving average of $194.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.28 and a current ratio of 2.28.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors have recently made changes to their positions in JLL. Covestor Ltd acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $25,000. Charles Schwab Investment Management Inc. raised its position in shares of Jones Lang LaSalle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 292,939 shares of the financial services provider’s stock valued at $78,901,000 after purchasing an additional 4,959 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $7,943,000. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 772,100 shares of the financial services provider’s stock valued at $208,028,000 after acquiring an additional 7,501 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $2,945,000. 95.84% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Company Profile

(Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

Featured Stories

The Fly logo

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.