Colliers International Group (CIGI) Sets New 52-Week High at $62.75

Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.75 and last traded at $61.35, with a volume of 21200 shares traded. The stock had previously closed at $60.90.

A number of brokerages recently weighed in on CIGI. Zacks Investment Research upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a research report on Monday, November 6th. BMO Capital Markets restated an “outperform” rating and set a $65.00 target price on shares of Colliers International Group in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Royal Bank of Canada restated a “buy” rating and set a $66.00 target price on shares of Colliers International Group in a research report on Thursday, November 2nd. Finally, Scotiabank upped their target price on shares of Colliers International Group from $75.50 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $71.40.

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2,350.00, a PE ratio of 40.36 and a beta of 1.76.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 0.17%. Colliers International Group’s dividend payout ratio (DPR) is currently 6.58%.

A number of hedge funds have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. bought a new position in Colliers International Group during the second quarter valued at $110,102,000. Renaissance Technologies LLC lifted its position in Colliers International Group by 5.1% during the second quarter. Renaissance Technologies LLC now owns 877,900 shares of the financial services provider’s stock valued at $49,560,000 after purchasing an additional 42,800 shares during the last quarter. Vanguard Group Inc. lifted its position in Colliers International Group by 4.1% during the second quarter. Vanguard Group Inc. now owns 801,789 shares of the financial services provider’s stock valued at $45,262,000 after purchasing an additional 31,716 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Colliers International Group by 19.6% during the second quarter. Hillsdale Investment Management Inc. now owns 368,450 shares of the financial services provider’s stock valued at $20,833,000 after purchasing an additional 60,500 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in Colliers International Group by 42.9% during the second quarter. Fiera Capital Corp now owns 276,941 shares of the financial services provider’s stock valued at $15,626,000 after purchasing an additional 83,100 shares during the last quarter. Institutional investors and hedge funds own 63.11% of the company’s stock.

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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.

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