CBRE Group (CBG) Receiving Somewhat Positive News Coverage, Report Shows

News headlines about CBRE Group (NYSE:CBG) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBRE Group earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.920745615999 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have commented on CBG shares. Barclays reaffirmed a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a report on Wednesday, December 27th. Bank of America increased their target price on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.83.

CBRE Group (CBG) traded up $0.85 during trading on Thursday, reaching $45.12. The company’s stock had a trading volume of 1,064,340 shares, compared to its average volume of 1,959,714. CBRE Group has a 1 year low of $29.69 and a 1 year high of $45.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15,030.00, a P/E ratio of 19.53, a PEG ratio of 1.23 and a beta of 1.87.

CBRE Group (NYSE:CBG) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. equities research analysts forecast that CBRE Group will post 2.67 EPS for the current year.

In related news, EVP J. Christopher Kirk sold 20,000 shares of CBRE Group stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $866,400.00. Following the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of CBRE Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. Insiders sold 3,024,872 shares of company stock worth $129,080,441 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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