CBRE Group Inc Surpasses Analyst Price Target: What’s Next for Investors?
Shares of CBRE Group Inc (Symbol: CBRE) have recently climbed above the average analyst 12-month target price of $136.89, trading at $137.88 per share. When a stock reaches its target price, analysts must reassess their recommendations—either downgrading based on valuation or increasing their target price. Their decision often hinges on the underlying business developments that might be pushing the stock higher. If the company’s outlook is improving, a target price revisal may be in order.
Within the Zacks coverage universe, 9 analysts have contributed to the average price target for CBRE Group Inc. It’s important to note that this average represents a collective consensus and not just a single analyst’s prediction. Some analysts have rates lower than the average, with one suggesting a price target of $95.00, while another proposes a higher target of $169.00. The standard deviation of these targets stands at $23.798.
The primary purpose of examining the average CBRE price target is to leverage the “wisdom of crowds.” Combining insights from various analysts produces a more reliable prediction than relying on one opinion alone. As CBRE’s stock trades above the average target price of $136.89 per share, it signals investors to evaluate the company further. They must weigh whether $136.89 is merely a milestone on the journey to an even higher target or if the stock has reached a valuation that merits rethinking their holdings. Below is a snapshot of the current sentiment among analysts covering CBRE Group Inc:
| Recent CBRE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 5 | 5 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.91 | 2.0 | 2.0 | 2.0 |
The average rating at the bottom of the table ranges from 1 to 5, where 1 signals a Strong Buy and 5 indicates a Strong Sell. This analysis leverages data provided by Zacks Investment Research via Quandl.com. You can obtain the latest Zacks research report on CBRE for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
