Keefe Bruyette has revised its price target for CBRE Group (CBRE, Financial), lowering it from $145 to $129. Despite expectations of a strong first quarter performance driven by capital markets and leasing growth, the firm maintains a Market Perform rating on the stock.
Concerns over the broader economic environment have prompted this adjustment, as the analyst advises investors to consider potential downside risks. This caution has led Keefe Bruyette to reduce its estimates in anticipation of the upcoming earnings reports.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for CBRE Group Inc (CBRE, Financial) is $144.70 with a high estimate of $165.00 and a low estimate of $112.00. The average target implies an upside of 23.45% from the current price of $117.21. More detailed estimate data can be found on the CBRE Group Inc (CBRE) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, CBRE Group Inc's (CBRE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CBRE Group Inc (CBRE, Financial) in one year is $117.86, suggesting a upside of 0.55% from the current price of $117.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CBRE Group Inc (CBRE) Summary page.
