CBRE Group (CBG) : The consensus price target for CBRE Group (CBG) is $36.25 for the short term with a standard deviation of $4.35. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $40, however, the pessimist price target for the company is $32.
CBRE Group (CBG), A rise of 75,777 shares or 1% was seen in the short interest of C B R E Group Inc. Even as the interest increased from 7,889,768 shares on June 15,2016 to 7,965,545 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 2.4% of the stocks floats. The stock has seen an average daily volume of 4,121,229 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Keefe Bruyette & Woods initiates coverage on CBRE Group (NYSE:CBG). Keefe Bruyette & Woods has a Market Perform rating on the shares. As per the latest report, the brokerage house announces the price target to $32 per share. The rating by the firm was issued on May 16, 2016.
CBRE Group (NYSE:CBG): stock turned positive on Thursday. Though the stock opened at $28.11, the bulls momentum made the stock top out at $28.17 level for the day. The stock recorded a low of $27.55 and closed the trading day at $27.55, in the green by 0.18%. The total traded volume for the day was 2,982,514. The stock had closed at $27.5 in the previous days trading.
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.