Analyst Rating Update on BGC Partners (BGCP)

BGC Partners (BGCP) : Zacks Investment Research ranks BGC Partners (BGCP) as 5, which is a Strong Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.

For the current week, the company shares have a recommendation consensus of Buy.


BGC Partners (NASDAQ:BGCP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.00 and $9.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.18, notching a gain of 1.77% for the day. The total traded volume was 1,100,392 . The stock had closed at $9.02 on the previous day.

BGC Partners Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services, which offers fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures and structured products, and Real Estate Services (or Newmark Grubb Knight Frank (NGKF)), which is a full-service commercial real estate platform that consists of its Real Estate Services segment. Through NGKF, the Company offers commercial real estate tenants, owners, investors and developers a range of services, including leasing and corporate advisory, investment sales and financial services, consulting, project management, and property and facilities management. The Company also provides broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions.

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