CBRE Group (CBG) Shares are Up 4.08%

CBRE Group (CBG) : Traders are bullish on CBRE Group (CBG) as it has outperformed the S&P 500 by a wide margin of 10.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.08% in the last 1 week, and is up 13.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

CBRE Group (NYSE:CBG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.02 and $28.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.61, notching a gain of 3.17% for the day. The total traded volume was 1,884,213 . The stock had closed at $28.70 on the previous day.

The stock has recorded a 20-day Moving Average of 5.2% and the 50-Day Moving Average is 4.48%. CBRE Group, Inc. is up 0.92% in the last 3-month period. Year-to-Date the stock performance stands at -14.37%.

CBRE Group (CBG) stock is expected to deviate a maximum of $4.35 from the average target price of $36.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $32.


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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