CBRE Group (CBG) : Analyst Rating Update

CBRE Group (CBG) : 6 analysts are covering CBRE Group (CBG) and their average rating on the stock is 1.33, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CBRE Group (CBG) : 4 Wall Street analysts covering CBRE Group (CBG) believe that the average level the stock could reach for the short term is $37.5. The maximum price target given is $40 and the minimum target for short term is around $32, hence the standard deviation is calculated at $3.79.

CBRE Group (NYSE:CBG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.32 and $24.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.75, notching a gain of 0.86% for the day. The total traded volume was 4,824,059 . The stock had closed at $24.54 on the previous day.

Also, Keefe Bruyette & Woods initiates coverage on CBRE Group (NYSE:CBG).The analysts at the brokerage house have a current rating of Market Perform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods announces the price target of $32 per share. The rating by the firm was issued on May 16, 2016. The company shares have dropped -34.23% 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 $28.69 and the 200 Day Moving Average price is recorded at $28.72.

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.

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