CBRE Group, Inc. (NYSE:CBRE) Receives $178.86 Consensus Price Target from Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $178.8571.

Several brokerages have issued reports on CBRE. Evercore set a $169.00 price target on CBRE Group in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday.

CBRE Group Stock Up 3.3%

Shares of NYSE:CBRE opened at $144.06 on Friday. The firm has a market capitalization of $42.18 billion, a PE ratio of 32.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. CBRE Group has a 52-week low of $121.69 and a 52-week high of $174.27. The firm has a fifty day moving average of $134.63 and a 200 day moving average of $143.69.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Large investors have recently added to or reduced their stakes in the business. Swiss RE Ltd. purchased a new stake in CBRE Group during the fourth quarter valued at about $25,000. Navalign LLC bought a new position in shares of CBRE Group during the fourth quarter valued at about $29,000. Ascentis Independent Advisors purchased a new position in shares of CBRE Group in the first quarter worth about $30,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of CBRE Group in the first quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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.