CBRE Group Inc (CBRE) stock forecast: Can it reach its 52-week high of $118.39

CBRE Group Inc [CBRE] stock prices are down -1.18% to $115.34 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CBRE shares have gain 3.44% over the last week, with a monthly amount glided 4.34%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

CBRE Group Inc [NYSE: CBRE] stock has seen the most recent analyst activity on July 26, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $123 from $100. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on July 25, 2024, and set its price target to $105. On April 10, 2024, Jefferies initiated with a Hold rating and assigned a price target of $107 on the stock. Evercore ISI downgraded its rating to a In-line and increased its price target to $96 on January 03, 2024. Citigroup initiated its recommendation with a Buy and recommended $100 as its price target on January 27, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on January 27, 2023, but kept the price target unchanged to $88. In a note dated July 22, 2022, Raymond James upgraded an Strong Buy rating on this stock and revised its target price from $122 to $110.

The stock price of CBRE Group Inc [CBRE] has been fluctuating between $64.63 and $118.39 over the past year. Currently, Wall Street analysts expect the stock to reach $112.8 within the next 12 months. CBRE Group Inc [NYSE: CBRE] shares were valued at $115.34 at the most recent close of the market. An investor can expect a potential drop of -2.2% based on the average CBRE price forecast.

Analyzing the CBRE fundamentals

The CBRE Group Inc [NYSE:CBRE] reported sales of 33.14B for trailing twelve months, representing a surge of 8.69%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 114.89 points at the first support level, and at 114.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.11, and for the 2nd resistance point, it is at 116.88.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 4.23 and price to earnings (TTM) ratio is 38.61.

Transactions by insiders

Recent insider trading involved Jenny Christopher T, Director, that happened on Aug 20 ’24 when 10847.0 shares were sold. Director, Jenny Christopher T completed a deal on Aug 20 ’24 to buy 10847.0 shares. Meanwhile, Chief Financial Officer Giamartino Emma E. sold 3311.0 shares on Aug 12 ’24.

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