BGC Partners (BGCP) : The consensus on BGC Partners (BGCP) based on 1 analyst recommendation on the company stock is 1, 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, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.
For the current week, the company shares have a recommendation consensus of Buy. BGC Partners (NASDAQ:BGCP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.06 and $9.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.07, notching a gain of 0.33% for the day. The total traded volume was 1,143,916 . The stock had closed at $9.04 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Curwood Stephen T, director of Bgc Partners, Inc., had unloaded 4,000 shares at an average price of $9.16 in a transaction dated on June 8, 2015. The total value of the transaction was worth $36,640.
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.