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Stock Investors Bid Up Shares of Jones Lang LaSalle, Up 1.5%

Published on Fri, 01/25/2013 - 13:25
By Mallory Stone

Jones Lang LaSalle (NYSE:JLL), a company whose shares are moving quickly, is trading 1.5% higher to $90.30. The S&P is currently trading 0.4% higher to 1,500 and the Dow Jones Industrial Average is trading 0.4% higher to 13,876.

In the past 52 weeks, Jones Lang LaSalle share prices have been bracketed by a low of $61.39 and a high of $90.37 and are now at $90.30, 47% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.86% higher over the past week, respectively.

Jones Lang LaSalle Incorporated provides real estate and investment management services. The Company serves multinationals, corporations, institutions, occupiers, and investors from offices in markets located around the world. Jones Lang provides services such as tenant representation, property management, agency leasing, finance, and valuations.

Potential upside of 7.9% exists for Jones Lang LaSalle, based on a current level of $90.30 and analysts' average consensus price target of $97.40. Jones Lang LaSalle shares have support at the 50-day moving average (MA) of $82.67 and additional support at the 200-day MA of $76.11.

By Mallory Stone
mstone@fnno.com