Colliers International Group Inc (CIGI) Given Average Recommendation of “Buy” by Brokerages

Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $72.25.

A number of equities analysts recently commented on CIGI shares. ValuEngine downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $62.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research downgraded Colliers International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Scotiabank upped their price target on Colliers International Group from $75.50 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st.

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Alliancebernstein L.P. grew its holdings in shares of Colliers International Group by 14.0% during the second quarter. Alliancebernstein L.P. now owns 23,160 shares of the financial services provider’s stock valued at $1,307,000 after buying an additional 2,850 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Colliers International Group by 868.4% in the second quarter. New York State Common Retirement Fund now owns 11,079 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 9,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Colliers International Group by 4.1% in 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. FMR LLC purchased a new stake in Colliers International Group in the second quarter valued at $208,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Colliers International Group by 4.5% in the second quarter. Parametric Portfolio Associates LLC now owns 10,518 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 456 shares during the last quarter. 67.56% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group (NASDAQ:CIGI) traded up $1.25 during trading on Tuesday, hitting $59.45. 41,500 shares of the stock traded hands, compared to its average volume of 30,183. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48. Colliers International Group has a 1 year low of $38.75 and a 1 year high of $64.60. The company has a market capitalization of $2,262.64, a P/E ratio of 38.86 and a beta of 1.75.

COPYRIGHT VIOLATION WARNING: “Colliers International Group Inc (CIGI) Given Average Recommendation of “Buy” by Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/13/colliers-international-group-inc-cigi-given-average-recommendation-of-buy-by-brokerages.html.

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)

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply