Brokerages Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $180.33

Shares of CBRE Group, Inc. (NYSE:CBREGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $180.3333.

CBRE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. UBS Group boosted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st.

Check Out Our Latest Stock Analysis on CBRE

Insider Activity at CBRE Group

In related news, insider Chad Doellinger sold 228 shares of CBRE Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. This trade represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,144 shares of company stock valued at $767,363. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On CBRE Group

Large investors have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in CBRE Group during the first quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC bought a new position in shares of CBRE Group during the 1st quarter valued at $33,000. MV Capital Management Inc. acquired a new stake in shares of CBRE Group in the 4th quarter valued at $42,000. Sound Income Strategies LLC boosted its holdings in CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Reflection Asset Management bought a new stake in CBRE Group in the fourth quarter worth $46,000. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

CBRE opened at $139.28 on Friday. The firm has a market capitalization of $40.33 billion, a P/E ratio of 31.94 and a beta of 1.19. The stock has a fifty day moving average of $145.07 and a 200-day moving average of $140.03. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group has a 12-month low of $121.69 and a 12-month high of $174.27.

CBRE Group (NYSE:CBREGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.CBRE Group’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts forecast that CBRE Group will post 7.79 EPS for the current fiscal year.

CBRE Group Company Profile

(Get Free Report)

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company’s principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.

Further Reading

Analyst Recommendations for CBRE Group (NYSE:CBRE)

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