Colliers International Group Inc. (NASDAQ:CIGI) Receives $176.70 Average Target Price from Analysts

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $176.70.

A number of equities research analysts have recently issued reports on the stock. National Bankshares boosted their price target on shares of Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. CIBC lifted their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. Stifel Nicolaus increased their target price on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Scotiabank raised their target price on Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group in the third quarter valued at $26,000. JPMorgan Chase & Co. purchased a new stake in Colliers International Group during the 2nd quarter worth about $39,000. EverSource Wealth Advisors LLC raised its position in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares in the last quarter. State of Wyoming purchased a new position in shares of Colliers International Group in the 1st quarter valued at about $52,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Colliers International Group in the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Down 1.8%

Shares of NASDAQ:CIGI opened at $147.01 on Monday. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 64.20 and a beta of 1.39. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $171.51. The business has a 50-day moving average price of $148.66 and a 200 day moving average price of $150.19. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Colliers International Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s dividend payout ratio is 13.10%.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.