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CBRE Group, Inc. (CBG) operates as a commercial real estate services and investment company worldwide.
The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments.
It provides advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/equity financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, and feasibility and fairness opinions, as well as originates, sells, and services commercial mortgage loans. The company also offers outsourcing services comprising portfolio and transaction management, project management, facilities management, and strategic consulting to occupiers of real estate; and property management services consisting of construction management, marketing, leasing, accounting, and financial services for owners/investors in office, industrial, and retail properties.
In addition, the company provides investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors. Additionally, it develops and invests in commercial real estate, including industrial, office, and retail properties; healthcare facilities; and residential/mixed-use projects. CBRE Group, Inc. offers its commercial real estate services under the CBRE brand name; investment management services under the CBRE Global Investors brand name; and development services under the Trammell Crow brand name.
Shares have formed a bullish "flag" after the company reported a better than expected quarterly report. Since then, shares have jumped in this formation. Higher share prices are expected for this stock.
52-Week Trading Range: $20.59 - $29.33
Entry Point: $28.87
Stop Loss: $27.40
Target Price: $31.75
We are taking profits on CBG after it failed to gain 10% in less than 30 days. CBG closed at $30.30.
