Analyst Rating Update on BGC Partners (BGCP)

BGC Partners (NASDAQ:BGCP) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

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

BGC Partners (NASDAQ:BGCP): stock turned positive on Tuesday. Though the stock opened at $8.5, the bulls momentum made the stock top out at $8.61 level for the day. The stock recorded a low of $8.39 and closed the trading day at $8.49, in the green by 1.31%. The total traded volume for the day was 1,319,135. The stock had closed at $8.38 in the previous days trading.

In an insider trading activity,The director of Bgc Partners, Inc., Curwood Stephen T sold 4,000 shares at $9.16 on June 8, 2015. The Insider selling transaction had a total value worth of $36,640. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.