Colliers International Group Inc. (NASDAQ:CIGI) Given Consensus Rating of “Moderate Buy” by Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $176.70.

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

Colliers International Group Stock Down 0.1%

Shares of NASDAQ CIGI opened at $149.78 on Monday. The company’s 50 day moving average price is $149.40 and its 200-day moving average price is $149.92. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Colliers International Group has a 52-week low of $100.86 and a 52-week high of $171.51. The company has a market capitalization of $7.63 billion, a P/E ratio of 65.41 and a beta of 1.40.

Colliers International Group Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a yield of 21.0%. Colliers International Group’s dividend payout ratio is currently 13.10%.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Colliers International Group by 21.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after buying an additional 158,668 shares during the period. Royal Bank of Canada increased its holdings in shares of Colliers International Group by 1.4% during the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock valued at $462,816,000 after acquiring an additional 52,414 shares in the last quarter. Ceredex Value Advisors LLC raised its position in shares of Colliers International Group by 2.9% during the second quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 2,350 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Colliers International Group by 77.3% in the 1st quarter. Hsbc Holdings PLC now owns 5,743 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 2,503 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Colliers International Group by 7.8% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock valued at $16,809,000 after purchasing an additional 9,357 shares during the period. Institutional investors and hedge funds 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.