Brokerage Firm Rating Update on CBRE Group (CBG)

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) : The most positive equity analysts on CBRE Group (CBG) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $34.67 with an expected fluctuation of $3.79 from the mean.


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

CBRE Group (NYSE:CBG): The stock opened at $29.7 and touched an intraday high of $30.05 on Wednesday. During the day, the stock corrected to an intraday low of $29.7, however, the bulls stepped in and pushed the price higher to close in the green at $29.89 with a gain of 0.40% for the day. The total traded volume for the day was 1,228,790. The stock had closed at $29.77 in the previous trading session.

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.

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