CBRE Group, Inc. (NYSE:CBRE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CBRE Group, Inc. (NYSE:CBRE) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $182.1429.

Several equities research analysts have commented on the company. UBS Group boosted their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Barclays increased their target price on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. Finally, Morgan Stanley boosted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. ORG Partners LLC grew its stake in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after buying an additional 119 shares in the last quarter. Ameriflex Group Inc. bought a new position in CBRE Group during the third quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in CBRE Group during the second quarter worth approximately $30,000. Evelyn Partners Asset Management Ltd acquired a new position in CBRE Group during the second quarter worth approximately $32,000. Finally, NewSquare Capital LLC lifted its position in shares of CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $170.24 on Friday. The stock has a 50-day moving average price of $163.92 and a two-hundred day moving average price of $158.79. CBRE Group has a 1 year low of $108.45 and a 1 year high of $173.05. The stock has a market cap of $50.66 billion, a PE ratio of 42.03 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.