Keefe, Bruyette & Woods began coverage on shares of Newmark Group (NASDAQ:NMRK) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a market perform rating and a $17.00 price objective on the stock.
Separately, Goldman Sachs Group assumed coverage on Newmark Group in a report on Tuesday. They issued a buy rating and a $24.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $19.90.
Shares of Newmark Group (NASDAQ NMRK) traded down $0.10 during mid-day trading on Tuesday, reaching $15.87. The company had a trading volume of 975,339 shares, compared to its average volume of 1,139,146. Newmark Group has a 1-year low of $13.72 and a 1-year high of $16.74.
Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.
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