Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $309.00 Consensus Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $309.00.

Several research firms have recently commented on JLL. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Finally, Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JLL. Private Trust Co. NA increased its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares during the period. Brooklyn Investment Group bought a new position in shares of Jones Lang LaSalle in the third quarter worth $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth $35,000. UMB Bank n.a. increased its position in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth $37,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 1.3 %

NYSE JLL opened at $283.10 on Wednesday. The company has a market cap of $13.43 billion, a PE ratio of 28.62 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 12 month low of $171.45 and a 12 month high of $288.50. The stock has a 50 day moving average of $264.78 and a 200-day moving average of $261.95.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.