CBRE Group, Inc. (NYSE:CBRE) Receives $149.89 Average Target Price from Analysts

CBRE Group, Inc. (NYSE:CBRE) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $149.89.

Several brokerages have commented on CBRE. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, 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 research note on Monday, January 13th.

CBRE Group Trading Up 3.1 %

Shares of NYSE:CBRE opened at $125.53 on Wednesday. CBRE Group has a 12-month low of $84.24 and a 12-month high of $147.75. The stock has a market cap of $37.66 billion, a PE ratio of 39.98 and a beta of 1.42. The business has a 50 day moving average of $137.35 and a 200-day moving average of $131.28. 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) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, equities research analysts forecast that CBRE Group will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Several institutional investors have recently made changes to their positions in CBRE. SBI Securities Co. Ltd. acquired a new position in shares of CBRE Group during the fourth quarter valued at about $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. Investment Management Corp VA ADV acquired a new stake in shares of CBRE Group in the 4th quarter worth about $28,000. Denver PWM LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth about $29,000. Finally, Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

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.