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

Shares of CBRE Group, Inc. (NYSE:CBREGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $92.29.

A number of research analysts have recently issued reports on the stock. Evercore ISI downgraded shares of CBRE Group from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $79.00 to $96.00 in a research report on Wednesday, January 3rd. Raymond James raised their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Finally, UBS Group reduced their price target on shares of CBRE Group from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd.

Get Our Latest Research Report on CBRE Group

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,064 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $76.53, for a total value of $81,427.92. Following the completion of the sale, the chief financial officer now directly owns 53,685 shares of the company’s stock, valued at approximately $4,108,513.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Institutional Trading of CBRE Group

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $381,164,000. Harris Associates L P raised its holdings in shares of CBRE Group by 9.6% in the 2nd quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider’s stock worth $1,189,282,000 after purchasing an additional 1,292,532 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of CBRE Group by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after purchasing an additional 894,521 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $65,416,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of CBRE Group by 26,570.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 800,900 shares of the financial services provider’s stock worth $58,314,000 after purchasing an additional 797,897 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of CBRE stock opened at $86.55 on Tuesday. The firm has a fifty day moving average of $87.15 and a two-hundred day moving average of $81.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. CBRE Group has a 1-year low of $64.63 and a 1-year high of $94.27. The firm has a market cap of $26.38 billion, a P/E ratio of 46.28 and a beta of 1.43.

About CBRE Group

(Get Free Report

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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Analyst Recommendations for CBRE Group (NYSE:CBRE)

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