Raymond James Thinks BGC Partners’ Stock is Going to Recover

Raymond James analyst Patrick O’Shaughnessy maintained a Buy rating on BGC Partners (NASDAQ: BGCP) today and set a price target of $16. The company’s shares opened today at $10.82, close to its 52-week low of $10.08.

According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 12.2% and a 67.1% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, E*Trade Financial, and Newmark Group Inc.

Currently, the analyst consensus on BGC Partners is a Moderate Buy with an average price target of $16.25.

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BGC Partners’ market cap is currently $3.58B and has a P/E ratio of 68.69. The company has a Price to Book ratio of 3.76.

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BGC Partners, Inc. operates as a global financial intermediary to the financial and real estate markets. The company operates through two segments: Financial Services and Real Estate Services.