Barclays analyst Ross L Smotrich maintained a Buy rating on CBRE Group Inc (NYSE: CBRE) on October 12 and set a price target of $56. The company’s shares closed on Friday at $38.91, close to its 52-week low of $38.53.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CBRE Group Inc with a $54 average price target, representing a 38.8% upside. In a report issued on October 1, J.P. Morgan also maintained a Buy rating on the stock with a $56 price target.
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The company has a one-year high of $50.43 and a one-year low of $38.53. Currently, CBRE Group Inc has an average volume of 1.7M.
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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.
