Brokerages Set CBRE Group, Inc. (NYSE:CBRE) PT at $145.44

CBRE Group, Inc. (NYSE:CBRE) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $148.56.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $125.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $152.00 in a report on Friday.

CBRE Group Trading Up 1.4 %

Shares of CBRE stock opened at $143.04 on Tuesday. CBRE Group has a 12-month low of $82.75 and a 12-month high of $143.57. The firm has a 50 day moving average price of $134.08 and a two-hundred day moving average price of $123.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $43.77 billion, a PE ratio of 45.99 and a beta of 1.39.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBRE. Canton Hathaway LLC acquired a new position in shares of CBRE Group during the third quarter worth $27,000. American National Bank & Trust acquired a new position in CBRE Group in the 3rd quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in CBRE Group in the third quarter valued at about $32,000. Wolff Wiese Magana LLC boosted its stake in shares of CBRE Group by 2,830.0% during the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $40,000. Institutional investors own 98.41% of the company’s stock.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.