BGC Partners (BGCP) : Analyst Rating Update

BGC Partners (BGCP) : The consensus on BGC Partners (BGCP) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

BGC Partners (NASDAQ:BGCP): The stock opened at $8.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.35 for the day. The stock traded down to $8.18 during the day, due to lack of any buying support eventually closed down at $8.29 with a loss of -0.24% for the day. The stock had closed at $8.31 on the previous day. The total traded volume was 1,409,899 shares.

The company shares have dropped -3.48% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $10.05 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.90 and the 200 Day Moving Average price is recorded at $9.01.

BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services, which offers fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures and structured products, and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)), which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF, the Company offers commercial real estate tenants, owners, investors and developers a range of services, including leasing and corporate advisory, investment sales and financial services, consulting, project management, and property and facilities management. The Company also provides broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.

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