Colliers International Group Inc (NASDAQ:CIGI) Given Average Rating of “Hold” by Brokerages

Shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $75.00.

A number of equities analysts have weighed in on CIGI shares. BMO Capital Markets reduced their price objective on Colliers International Group from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Raymond James set a $75.00 price objective on Colliers International Group and gave the company an “outperform” rating in a research note on Wednesday, April 29th. BidaskClub lowered Colliers International Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. restated a “sell” rating on shares of Colliers International Group in a research note on Wednesday, June 10th. Finally, Royal Bank of Canada cut their price target on Colliers International Group from $94.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th.

Shares of CIGI opened at $54.01 on Friday. The stock has a 50-day moving average of $56.83 and a two-hundred day moving average of $62.64. The stock has a market cap of $2.09 billion, a P/E ratio of 20.38 and a beta of 1.65. Colliers International Group has a one year low of $33.93 and a one year high of $92.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.91 and a current ratio of 0.91.

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 13th. Investors of record on Tuesday, June 30th were issued a $0.05 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 29th. Colliers International Group’s payout ratio is 3.89%.

Hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp acquired a new stake in Colliers International Group in the 1st quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Colliers International Group by 32.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,981 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 728 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Colliers International Group by 37.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,100 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 1,119 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Colliers International Group by 19.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 3,587 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 589 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Colliers International Group by 54.8% during the 1st quarter. UBS Group AG now owns 6,642 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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