CBRE Group (CBG) : Traders are bullish on CBRE Group (CBG) as it has outperformed the S&P 500 by a wide margin of 1.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.83%, relative to the S&P 500. The stock has risen by 1.36% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.98% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 1.76%.The 200 Day SMA reached 3.26% CBRE Group, Inc. is up 0.5% in the last 3-month period. Year-to-Date the stock performance stands at -18.31%.
CBRE Group (CBG) : The highest level CBRE Group (CBG) is projected to reach is $39 for the short term and the lowest estimate is at $32. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $34.67 and the possibility the share price can swing is $3.79.
For the current week, the company shares have a recommendation consensus of Buy. CBRE Group (NYSE:CBG): stock was range-bound between the intraday low of $27.93 and the intraday high of $28.345 after having opened at $27.98 on Fridays session. The stock finally closed in the red at $27.98, a loss of -0.11%. The stock remained in the red for the whole trading day. The total traded volume was 4,656,820 shares. The stock failed to cross $28.345 in Fridays trading. The stocks closing price on Thursday was $28.28.
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.