Barclays Maintains a Buy Rating on CBRE Group

By Austin Angelo

Barclays analyst Ross L Smotrich maintained a Buy rating on CBRE Group (NYSE: CBG) on December 22 and set a price target of $47. The company’s shares opened today at $43.63, close to its 52-week high of $44.34.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 9.3% and a 67.4% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and General Growth Properties Inc.

CBRE Group has an analyst consensus of Moderate Buy, with a price target consensus of $44.

Based on CBRE Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.55 billion and quarterly net profit of $196 million. In comparison, last year the company earned revenue of $3.19 billion and had a net profit of $104 million.

Based on the recent corporate insider activity of 106 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.