CBRE Group (NYSE:CBG) stock has received a short term price target of $ 37.5 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.79. The higher estimate of target price is $40 , while the lower price target estimate is $32
Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods initiates coverage on CBRE Group (NYSE:CBG) . The global brokerage major announces a current price target of $32 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Market Perform on the shares. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The officer (Chief Financial Officer), of Cbre Group, Inc., Groch James R had unloaded 10,000 shares at $30 per share in a transaction on May 25, 2016. The total value of transaction was $300,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
CBRE Group (NYSE:CBG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.4 points or 1.34% at $29.4 with 1,806,459 shares getting traded. Post opening the session at $29.65, the shares hit an intraday low of $29.36 and an intraday high of $29.92 and the price was in this range throughout the day. The company has a market cap of $9,862 million and the number of outstanding shares have been calculated to be 335,435,930 shares. The 52-week high of CBRE Group (NYSE:CBG) is $38.76 and the 52-week low is $22.735.
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.