Colliers International Group’s (CIGI) “Outperform” Rating Reaffirmed at BMO Capital Markets

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Wednesday, November 1st. They presently have a $65.00 price target on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 9.34% from the company’s current price.

Several other equities analysts have also commented on CIGI. Zacks Investment Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Sidoti lowered shares of Colliers International Group from a “buy” rating to a “neutral” rating in a report on Monday, July 17th. BidaskClub lowered shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price target (up from $58.00) on shares of Colliers International Group in a report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $75.00 price target (up from $59.00) on shares of Colliers International Group in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $71.40.

Colliers International Group (NASDAQ CIGI) remained flat at $$59.45 during mid-day trading on Wednesday. 11,200 shares of the stock were exchanged, compared to its average volume of 32,356. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.99 and a current ratio of 0.99. Colliers International Group has a 52-week low of $34.20 and a 52-week high of $60.75. The stock has a market capitalization of $2,232.47, a P/E ratio of 25.08 and a beta of 1.81.

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A number of institutional investors and hedge funds have recently bought and sold shares of CIGI. Burgundy Asset Management Ltd. bought a new stake in Colliers International Group during the 2nd quarter worth approximately $110,102,000. CIBC Asset Management Inc lifted its position in shares of Colliers International Group by 75.0% in the 3rd quarter. CIBC Asset Management Inc now owns 241,110 shares of the financial services provider’s stock worth $11,930,000 after purchasing an additional 103,333 shares during the period. Fiera Capital Corp lifted its position in shares of Colliers International Group by 42.9% in the 2nd quarter. Fiera Capital Corp now owns 276,941 shares of the financial services provider’s stock worth $15,626,000 after purchasing an additional 83,100 shares during the period. William Blair Investment Management LLC lifted its position in shares of Colliers International Group by 5.9% in the 2nd quarter. William Blair Investment Management LLC now owns 1,321,032 shares of the financial services provider’s stock worth $74,572,000 after purchasing an additional 73,763 shares during the period. Finally, CIBC World Markets Inc. lifted its position in shares of Colliers International Group by 62.8% in the 2nd quarter. CIBC World Markets Inc. now owns 179,249 shares of the financial services provider’s stock worth $10,119,000 after purchasing an additional 69,167 shares during the period. 63.54% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

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.

Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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