CBRE Group Inc (CBRE) concluded trading on Thursday at a closing price of $124.93, with 2.46 million shares of worth about $307.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.73% during that period and on October 17, 2024 the price saw a gain of about 0.45%. Currently the company’s common shares owned by public are about 304.89M shares, out of which, 304.50M shares are available for trading.
Stock saw a price change of 4.54% in past 5 days and over the past one month there was a price change of 3.81%. Year-to-date (YTD), CBRE shares are showing a performance of 34.20% which increased to 74.70% 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 $125.43 during that period. The average intraday trading volume for CBRE Group Inc shares is 1.59 million. The stock is currently trading 2.02% above its 20-day simple moving average (SMA20), while that difference is up 6.14% for SMA50 and it goes to 27.87% 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 99.15% of that.
The stock has a current market capitalization of $38.28B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 41.82, while it has posted earnings per share of $2.99 in the same period. Its PEG reads 3.80 while making debt-to-equity ratio of 0.80. 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 1.68% while standing at 1.76% over the month.
Stock’s fiscal year EPS is expected to rise by 25.27% while it is estimated to increase by 22.34% 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 Evercore ISI on July 26, 2024 offering an Outperform rating for the stock and assigned a target price range of between $100 and $123 to it. Coverage by Morgan Stanley stated CBRE Group Inc (CBRE) stock as an Equal-weight in their note to investors on July 25, 2024, suggesting a price target of $105 for the stock. On April 10, 2024, Jefferies Initiated their recommendations, while on January 03, 2024, Evercore ISI Downgrade their ratings for the stock with a price target of $96. Stock get a Buy rating from Citigroup on January 27, 2023.
