CBRE Group (NYSE:CBG) : 4 Wall Street analysts covering CBRE Group (NYSE: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, Inc. has lost 11.76% in the last five trading days and dropped 11.82% in the last 4 weeks. CBRE Group, Inc. has dropped 9.03% during the last 3-month period . Year-to-Date the stock performance stands at -23.42%. Also, Keefe Bruyette & Woods initiates coverage on CBRE Group (NYSE:CBG) The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency announces the price target to $32 per share. The rating by the firm was issued on May 16, 2016.
CBRE Group (NYSE:CBG) : 6 analysts are covering CBRE Group (NYSE: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 (NYSE:CBG): The stock opened at $26.51 on Thursday but the bulls could not build on the opening and the stock topped out at $26.53 for the day. The stock traded down to $25.84 during the day, due to lack of any buying support eventually closed down at $26.48 with a loss of -0.08% for the day. The stock had closed at $26.50 on the previous day. The total traded volume was 3,651,318 shares.
In an insider trading activity,The officer (Chief Financial Officer) of Cbre Group, Inc., Groch James R sold 10,000 shares at $30.2 on June 10, 2016. The Insider selling transaction had a total value worth of $302,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.