Jones Lang LaSalle (NYSE:JLL – Get Rating) had its target price reduced by UBS Group from $287.00 to $247.00 in a research report released on Wednesday, The Fly reports. UBS Group currently has a buy rating on the financial services provider's stock.
A number of other research firms also recently commented on JLL. StockNews.com downgraded Jones Lang LaSalle from a buy rating to a hold rating in a report on Thursday, September 8th. Raymond James raised their target price on Jones Lang LaSalle from $280.00 to $287.00 and gave the company an outperform rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $271.50.
Get Jones Lang LaSalle alerts:Jones Lang LaSalle Price Performance
Jones Lang LaSalle stock opened at $157.14 on Wednesday. Jones Lang LaSalle has a one year low of $154.63 and a one year high of $275.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.28 and a current ratio of 2.28. The business has a fifty day moving average of $177.00 and a two-hundred day moving average of $194.37. The company has a market cap of $7.53 billion, a P/E ratio of 8.06 and a beta of 1.28.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth $25,000. Ellevest Inc. raised its stake in Jones Lang LaSalle by 1,255.6% in the 1st quarter. Ellevest Inc. now owns 122 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. Ronald Blue Trust Inc. acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at about $41,000. Chilton Capital Management LLC acquired a new position in Jones Lang LaSalle in the 4th quarter valued at about $47,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Jones Lang LaSalle in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 95.84% of the company's stock.About Jones Lang LaSalle
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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
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