Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $78.17.
Several analysts recently issued reports on CIGI shares. BMO Capital Markets set a $81.00 price objective on shares of Colliers International Group and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada decreased their price objective on shares of Colliers International Group from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Zacks Investment Research downgraded shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 5th. BidaskClub upgraded shares of Colliers International Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 17th. Finally, Raymond James set a $85.00 target price on shares of Colliers International Group and gave the company an “outperform” rating in a research note on Wednesday, July 31st.
CIGI stock traded up $0.68 during trading hours on Friday, hitting $68.50. The company’s stock had a trading volume of 553 shares, compared to its average volume of 67,201. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $2.59 billion, a PE ratio of 28.02 and a beta of 1.54. Colliers International Group has a 12 month low of $52.01 and a 12 month high of $84.20. The stock has a 50 day moving average price of $72.19 and a two-hundred day moving average price of $67.73.
Several institutional investors and hedge funds have recently bought and sold shares of CIGI. Royal Bank of Canada grew its holdings in Colliers International Group by 159.6% during the 2nd quarter. Royal Bank of Canada now owns 2,042,757 shares of the financial services provider’s stock worth $146,312,000 after acquiring an additional 1,255,999 shares during the last quarter. Norges Bank bought a new stake in Colliers International Group during the 4th quarter worth about $24,103,000. Wells Fargo & Company MN boosted its stake in shares of Colliers International Group by 33,394.8% in the 2nd quarter. Wells Fargo & Company MN now owns 321,215 shares of the financial services provider’s stock valued at $23,005,000 after purchasing an additional 320,256 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Colliers International Group in the 2nd quarter valued at about $21,930,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Colliers International Group by 21.1% in the 2nd quarter. CIBC Asset Management Inc now owns 579,600 shares of the financial services provider’s stock valued at $41,439,000 after purchasing an additional 100,813 shares during the last quarter. 68.18% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Company Profile
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
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