Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) announced a semiannual dividend on Friday, December 8th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.05 per share by the financial services provider on Wednesday, January 10th. This represents a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Colliers International Group (NASDAQ CIGI) opened at $59.10 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $2,268.47, a P/E ratio of 38.63 and a beta of 1.80. Colliers International Group has a 12-month low of $34.70 and a 12-month high of $62.25.
Several research firms have recently commented on CIGI. ValuEngine upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $62.00 target price on shares of Colliers International Group in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Colliers International Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a $65.00 price objective on shares of Colliers International Group in a report on Wednesday, November 1st. Finally, Scotiabank increased their price target on shares of Colliers International Group from $75.50 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $71.40.
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Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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