CBRE Group (CBG) : The consensus on CBRE Group (CBG) based on 4 analyst recommendation on the company stock is 1.5, 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, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
CBRE Group (CBG) stock is expected to deviate a maximum of $3.79 from the average target price of $34.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $39 and the most muted being $32.
CBRE Group (NYSE:CBG): After opening at $27.6, the stock dipped to an intraday low of $27.57 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.42 and the buying power remained strong till the end. The stock closed at $28.28 for the day, a gain of 2.24% for the day session. The total traded volume was 3,688,866. The stocks close on the previous trading day was $27.66.
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.