CBRE Group Inc (CBG) is Initiated by Keefe Bruyette to Mkt Perform, Price Target at $32

CBRE Group Inc (CBG) was Initiated by Keefe Bruyette to “Mkt Perform” and the brokerage firm has set the Price Target at $32. Keefe Bruyette advised their investors in a research report released on May 16, 2016.

On the company’s financial health, CBRE Group Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.34. The company had revenue of $2846.70 million for the quarter, compared to analysts expectations of $2760.88 million. The company’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

CBRE Group Inc closed down -0.13 points or -0.45% at $28.68 with 25,29,851 shares getting traded on Friday. Post opening the session at $28.71, the shares hit an intraday low of $28.41 and an intraday high of $29.045 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 12, 2016, Michael Kantor (director) sold 10,980 shares at $29.17 per share price. According to the SEC, on May 2, 2016, Michael J Lafitte (Chief Operating Officer) sold 15,000 shares at $31.04 per share price. On Apr 15, 2016, James R Groch (Chief Financial Officer) sold 30,000 shares at $30.00 per share price, according to the Form-4 filing with the securities and exchange commission.

CBRE Group Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe Middle East and Africa; Asia Pacific; Global Investment Management and Development Services. It offers services to occupiers owners lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies including commercial property and corporate facilities management tenant/occupier and property/agency leasing capital markets solutions (property sales commercial mortgage origination and servicing and debt/structured finance) real estate investment management valuation development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.

CBRE Group Inc

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