In a report released yesterday, Ross L Smotrich from Barclays maintained a Buy rating on CBRE Group Inc (CBRE), with a price target of $63. The company’s shares closed yesterday at $51.24, close to its 52-week high of $52.41.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
CBRE Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $57.33.
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Based on CBRE Group Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $394 million. In comparison, last year the company had a net profit of $150 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.
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CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
