Colliers International Group (CIGI) Shares Up 10.3%

Colliers International Group Inc (TSE:CIGI)’s share price shot up 10.3% during mid-day trading on Wednesday . The stock traded as high as C$84.31 and last traded at C$82.73. 81,822 shares were traded during mid-day trading, an increase of 62% from the average session volume of 50,480 shares. The stock had previously closed at C$75.00.

Several research firms recently issued reports on CIGI. BMO Capital Markets set a C$75.00 target price on Colliers International Group and gave the company an “outperform” rating in a research report on Thursday. Scotiabank upped their target price on Colliers International Group from C$75.50 to C$83.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Five analysts have rated the stock with a buy rating, Colliers International Group currently has an average rating of “Buy” and a consensus price target of C$68.25.

The company has a market cap of $3,150.00, a PE ratio of 42.32 and a beta of 1.60.

In other Colliers International Group news, Director Dylan Taylor sold 3,061 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of C$62.00, for a total transaction of C$189,782.00. Also, Director Robert Hemming sold 3,600 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of C$79.75, for a total value of C$287,100.00. Insiders have sold a total of 18,248 shares of company stock worth $1,195,216 over the last ninety days.

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About Colliers International Group

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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