CBRE Group (NYSE:CBG) has tumbled 5.67% during the past week and has dropped 2.4% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.54%. CBRE Group (NYSE:CBG) has underperformed the index by 3.29% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CBRE Group (NYSE:CBG): The stock opened at $28.33 on Friday but the bulls could not build on the opening and the stock topped out at $28.57 for the day. The stock traded down to $28.01 during the day, due to lack of any buying support eventually closed down at $28.11 with a loss of -0.85% for the day. The stock had closed at $28.35 on the previous day. The total traded volume was 4,155,084 shares.
The company shares have dropped -24.25% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $38.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $29.35 and the 200 Day Moving Average price is recorded at $29.56.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer) of Cbre Group, Inc., Groch James R had sold 10,000 shares worth of $302,000 in a transaction dated June 10, 2016. In this transaction, 10,000 shares were sold at $30.2 per share.
Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods initiates coverage on CBRE Group (NYSE:CBG) In a research note issued to the investors, the brokerage major announces price-target of $32 per share.The shares have been rated Market Perform. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 1.1% of CBRE Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.9% . Institutional Investors own 95.96% of CBRE Group shares. During last six month period, the net percent change held by insiders has seen a change of 3.62%.
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.