Colliers International Group Inc (CIGI) Stock Price Up 8.2%

Colliers International Group Inc (TSE:CIGI)’s share price rose 8.2% on Tuesday . The stock traded as high as C$76.05 and last traded at C$75.85. Approximately 96,725 shares changed hands during trading, an increase of 106% from the average daily volume of 46,946 shares. The stock had previously closed at C$70.10.

Several equities analysts have commented on the company. Scotiabank lowered their price target on Colliers International Group from C$76.00 to C$75.50 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. BMO Capital Markets set a C$65.00 price target on Colliers International Group and gave the company an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$65.75.

In related news, Director Katherine M. Lee acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price of C$66.00 per share, for a total transaction of C$66,000.00. Also, Director Katherine M. Lee acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of C$62.00 per share, for a total transaction of C$124,000.00. Insiders acquired a total of 2,122,179 shares of company stock worth $190,000 in the last 90 days.

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Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company’s Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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