CBRE Group, Inc. (NYSE:CBRE) Receives $149.33 Average Target Price from Analysts

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $149.33.

CBRE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday. Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $115.00 to $160.00 in a research note on Wednesday, January 15th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Evercore ISI decreased their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th.

CBRE Group Trading Down 0.4 %

NYSE:CBRE traded down $0.57 during trading hours on Friday, hitting $143.16. 430,611 shares of the stock were exchanged, compared to its average volume of 1,825,213. The company has a market capitalization of $43.81 billion, a P/E ratio of 46.08 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $136.21 and its two-hundred day moving average is $128.02. CBRE Group has a twelve month low of $84.24 and a twelve month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. On average, sell-side analysts anticipate that CBRE Group will post 4.99 earnings per share for the current fiscal year.

Institutional Trading of CBRE Group

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group in the fourth quarter valued at approximately $25,000. Canton Hathaway LLC bought a new stake in CBRE Group in the 3rd quarter valued at $27,000. Denver PWM LLC acquired a new position in CBRE Group in the 4th quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in CBRE Group during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC raised its stake in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. 98.41% of the stock is owned by institutional investors.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.