Analysts at Keefe, Bruyette & Woods hoisted their price objective on shares of GFI Group (NASDAQ: GFIG) from $4.50 to $5.00 in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 18.76% from the stock’s previous close.
GFI Group (NASDAQ: GFIG) traded down 1.43% on Thursday, hitting $4.15. GFI Group has a 52-week low of $2.38 and a 52-week high of $4.44. The stock’s 50-day moving average is currently $4.13. The company’s market cap is $498.6 million.
GFI Group (NASDAQ: GFIG) last announced its earnings results on Thursday, April 25th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $244.39 million for the quarter, compared to the consensus estimate of $245.01 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts predict that GFI Group will post $0.22 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of GFI Group from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, May 31st. They now have a $4.25 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of GFI Group in a research note to investors on Monday, April 29th. They now have a $4.50 price target on the stock, up previously from $4.00. Finally, analysts at Jefferies Group raised their price target on shares of GFI Group from $4.00 to $4.50 in a research note to investors on Friday, April 26th. They now have a “buy” rating on the stock.
GFI Group Inc. (NASDAQ: GFIG) is a provider of wholesale brokerage, electronic execution and trading support products for global financial markets.