Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus “Buy Moderate” Recommendation From Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) have been assigned a consensus rating of “moderate buy” by the six ratings companies that currently cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a sell recommendation, one issued a hold recommendation and four issued a buy recommendation on the company. The 1-year average price target among brokers who updated their coverage on the stock in the past year is $271.50.

Several equity research analysts have commented on JLL shares. Raymond James raised his price target on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an “outperform” rating in a Thursday, Aug. 4 research note. StockNews.com upgraded Jones Lang LaSalle from a “buy” to a “hold” rating in a Thursday, September 8 report. Finally, UBS Group lowered its price target on Jones Lang LaSalle from $287.00 to $247.00 and placed a “buy” rating on the stock in a report on Wednesday.

Jones Lang LaSalle share performance

Shares of NYSE JLL traded down $4.13 during Wednesday’s trading, hitting $160.15. 382,656 shares of the company were traded, against an average volume of 297,679. The company’s fifty-day simple moving average is $177.30 and its 200-day simple moving average is $194.63. The stock has a market capitalization of $7.67 billion, a P/E ratio of 8.22 and a beta of 1.28. Jones Lang LaSalle has a 12-month low of $154.63 and a 12-month high of $275.77. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt ratio of 0.33.

Jones Lang LaSalle Institutional Negotiation

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Jones Lang LaSalle in Q4 worth $25,000. Charles Schwab Investment Management Inc. increased its holdings of Jones Lang LaSalle shares by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 292,939 shares of the financial services provider valued at $78,901,000 after buying an additional 4,959 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Jones Lang LaSalle in Q4 worth $7,943,000. Geode Capital Management LLC increased its equity stake in Jones Lang LaSalle by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 772,100 shares of the financial services provider valued at $208,028,000 after purchasing an additional 7,501 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Jones Lang LaSalle during the 4th quarter at a value of $2,945,000. 95.84% of the shares are held by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

(Get a rating)

Jones Lang LaSalle Incorporated, a professional services firm, provides real estate and investment management services in the Americas, Europe, the Middle East, Africa and 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, mergers and acquisitions, corporate advisory, and equity sales and advisory services. investment.

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