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Morgan Stanley Reaffirms Their Buy Rating on CBRE Group (CBRE)

Tipranks - Wed Jan 14, 7:44AM CST

In a report released today, Ronald Kamdem from Morgan Stanley maintained a Buy rating on CBRE Group, with a price target of $180.00.

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Kamdem covers the Real Estate sector, focusing on stocks such as Broadstone Net Lease, FrontView REIT, Inc., and Gaming and Leisure. According to TipRanks, Kamdem has an average return of 9.3% and a 59.66% success rate on recommended stocks.

In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $193.00 price target.

Based on CBRE Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.26 billion and a net profit of $363 million. In comparison, last year the company earned a revenue of $9.04 billion and had a net profit of $225 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBRE in relation to earlier this year.

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