Shares of CBRE Group Inc (NYSE:CBG) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $41.00.
Several research firms have weighed in on CBG. Bank of America lifted their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Barclays reaffirmed a “buy” rating and set a $47.00 target price on shares of CBRE Group in a research note on Wednesday, December 27th.
In related news, EVP J. Christopher Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total value of $866,400.00. Following the completion of the sale, the executive vice president now owns 118,162 shares of the company’s stock, valued at approximately $5,118,777.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Holdings L.P. Valueact sold 84,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $42.82, for a total value of $3,618,290.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,024,872 shares of company stock worth $129,080,441. Company insiders own 1.00% of the company’s stock.
CBRE Group (CBG) opened at $44.27 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. CBRE Group has a 12 month low of $29.69 and a 12 month high of $44.79. The firm has a market capitalization of $15,030.00, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.87.
CBRE Group (NYSE:CBG) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. equities research analysts forecast that CBRE Group will post 2.67 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “CBRE Group Inc (CBG) Receives Consensus Recommendation of “Hold” from Brokerages” was first published by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://baseballnewssource.com/markets/cbre-group-inc-cbg-receives-consensus-recommendation-of-hold-from-brokerages/1817461.html.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with our FREE daily email newsletter.