BMO Capital Markets Reiterates “Outperform” Rating for Colliers International Group Inc. (CIGI)

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a note issued to investors on Wednesday, November 1st. They currently have a $65.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 9.34% from the stock’s current price.

Several other research firms have also issued reports on CIGI. Royal Bank Of Canada restated an “outperform” rating and issued a $62.00 price target (up previously from $58.00) on shares of Colliers International Group in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Colliers International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Sidoti upgraded shares of Colliers International Group from a “neutral” rating to a “buy” rating in a report on Monday, August 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.40.

Colliers International Group (CIGI) opened at $59.45 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $2,311.24, a P/E ratio of 25.08 and a beta of 1.81. Colliers International Group has a 12-month low of $34.20 and a 12-month high of $60.75.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL increased its stake in Colliers International Group by 0.3% in the second quarter. Blair William & Co. IL now owns 17,547 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 45 shares during the period. Legal & General Group Plc increased its stake in Colliers International Group by 4.5% in the second quarter. Legal & General Group Plc now owns 4,587 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 198 shares during the period. Parametric Portfolio Associates LLC boosted its position 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 buying an additional 456 shares in the last quarter. UBS Group AG boosted its position in Colliers International Group by 15.0% in the first quarter. UBS Group AG now owns 4,945 shares of the financial services provider’s stock valued at $234,000 after buying an additional 645 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Colliers International Group by 0.6% in the second quarter. Wells Fargo & Company MN now owns 187,289 shares of the financial services provider’s stock valued at $10,573,000 after buying an additional 1,130 shares in the last quarter. 66.00% of the stock is currently owned by institutional investors and hedge funds.

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)

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