Colliers International Group (CIGI) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a hold rating to a buy rating in a research note published on Friday, December 29th.

A number of other equities research analysts have also weighed in on CIGI. ValuEngine raised Colliers International Group from a hold rating to a buy rating in a research note on Friday, September 1st. Royal Bank of Canada reaffirmed a buy rating and set a $62.00 price target on shares of Colliers International Group in a research report on Wednesday, September 27th. Zacks Investment Research raised Colliers International Group from a sell rating to a hold rating in a research report on Tuesday, October 3rd. BMO Capital Markets reaffirmed an outperform rating and set a $65.00 price target on shares of Colliers International Group in a research report on Wednesday, November 1st. Finally, Scotiabank upped their target price on Colliers International Group from $75.50 to $83.00 and gave the stock an outperform rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $71.40.

Colliers International Group (CIGI) opened at $61.05 on Friday. Colliers International Group has a fifty-two week low of $34.70 and a fifty-two week high of $63.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $2,300.00, a PE ratio of 40.16 and a beta of 1.76.

The business also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a yield of 0.17%. Colliers International Group’s dividend payout ratio is currently 6.58%.

A number of institutional investors have recently made changes to their positions in CIGI. State of Tennessee Treasury Department bought a new position in Colliers International Group in the 2nd quarter worth $201,000. FMR LLC bought a new position in Colliers International Group in the 2nd quarter worth $208,000. Legal & General Group Plc raised its holdings in Colliers International Group by 4.5% during 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. Cubist Systematic Strategies LLC bought a new stake in Colliers International Group during the third quarter valued at about $326,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Colliers International Group during the third quarter valued at about $363,000. 63.11% of the stock is currently owned by institutional investors.

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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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