CBRE Group (NYSE:CBRE) Price Target Cut to $130.00 by Analysts at UBS Group

CBRE Group (NYSE:CBRE - Get Free Report) had its target price lowered by stock analysts at UBS Group from $146.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. UBS Group's price target would suggest a potential upside of 11.91% from the company's previous close.

A number of other equities research analysts also recently issued reports on the company. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI decreased their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Morgan Stanley increased their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $151.33.

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CBRE Group Stock Performance

Shares of CBRE traded down $2.52 during trading hours on Friday, hitting $116.16. The company had a trading volume of 809,606 shares, compared to its average volume of 1,804,432. CBRE Group has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market cap of $34.83 billion, a price-to-earnings ratio of 36.99 and a beta of 1.26. The business has a fifty day moving average of $131.49 and a 200-day moving average of $132.19. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities analysts anticipate that CBRE Group will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares of the company's stock, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now directly owns 107,343 shares in the company, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of CBRE Group

Several hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of CBRE Group in the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV purchased a new stake in CBRE Group during the 4th quarter worth about $28,000. Denver PWM LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Colonial Trust Co SC increased its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Company Profile

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.