Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) PT at $170.71

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $168.2857.

CIGI has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Scotiabank cut their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Royal Bank Of Canada cut their target price on Colliers International Group from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. National Bank Financial cut their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Raymond James Financial decreased their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Tuesday, February 17th.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $111.15 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a 1 year low of $95.66 and a 1 year high of $171.51. The business has a fifty day simple moving average of $114.56 and a 200 day simple moving average of $137.10. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 55.30 and a beta of 1.45.

Institutional Investors Weigh In On Colliers International Group

A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in Colliers International Group by 2.1% during the fourth quarter. Invesco Ltd. now owns 245,824 shares of the financial services provider’s stock worth $36,139,000 after purchasing an additional 4,969 shares during the period. NewEdge Advisors LLC bought a new stake in Colliers International Group during the fourth quarter worth approximately $312,000. Empowered Funds LLC boosted its position in Colliers International Group by 3.1% during the fourth quarter. Empowered Funds LLC now owns 22,469 shares of the financial services provider’s stock worth $3,303,000 after purchasing an additional 669 shares during the period. Toronto Dominion Bank boosted its position in Colliers International Group by 85.5% during the fourth quarter. Toronto Dominion Bank now owns 31,625 shares of the financial services provider’s stock worth $4,649,000 after purchasing an additional 14,579 shares during the period. Finally, Investment Management Corp of Ontario boosted its position in Colliers International Group by 229.2% during the fourth quarter. Investment Management Corp of Ontario now owns 5,435 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 3,784 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

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.