CBRE Group Inc (CBRE) concluded trading on Thursday at a closing price of $107.43, with 4.39 million shares of worth about $471.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.14% during that period and on July 25, 2024 the price saw a gain of about 9.29%. Currently the company’s common shares owned by public are about 304.89M shares, out of which, 304.63M shares are available for trading.
Stock saw a price change of 10.65% in past 5 days and over the past one month there was a price change of 21.66%. Year-to-date (YTD), CBRE shares are showing a performance of 15.40% which increased to 21.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.63 but also hit the highest price of $100.27 during that period. The average intraday trading volume for CBRE Group Inc shares is 1.64 million. The stock is currently trading 16.11% above its 20-day simple moving average (SMA20), while that difference is up 19.36% for SMA50 and it goes to 24.47% higher than SMA200.
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CBRE Group Inc (NYSE: CBRE) currently have 304.89M outstanding shares and institutions hold larger chunk of about 100.46% of that.
The stock has a current market capitalization of $32.96B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 33.51, while it has posted earnings per share of $3.21 in the same period. Its PEG reads 3.05 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CBRE, volatility over the week remained 2.98% while standing at 2.25% over the month.
Stock’s fiscal year EPS is expected to rise by 17.36% while it is estimated to increase by 24.27% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of 0.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on Jul-26-24 offering an Equal-weight rating for the stock and assigned a target price of $105 to it. Coverage by Jefferies stated CBRE Group Inc (CBRE) stock as a Hold in their note to investors on April 10, 2024, suggesting a price target of $107 for the stock. On January 03, 2024, Evercore ISI Downgrade their recommendations, while on January 27, 2023, Citigroup Initiated their ratings for the stock with a price target of $100. Stock get a Mkt perform rating from Keefe Bruyette on January 27, 2023.
