Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price lifted by equities research analysts at Raymond James Financial from $67.00 to $75.00 in a report issued on Friday, February 16th. The firm currently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial’s target price would indicate a potential upside of 13.72% from the stock’s previous close.
CIGI has been the topic of a number of other research reports. TheStreet raised Colliers International Group from a “c+” rating to a “b+” rating in a research note on Wednesday, February 14th. Royal Bank of Canada reiterated a “buy” rating and set a $66.00 target price on shares of Colliers International Group in a research report on Thursday, November 2nd. BidaskClub upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. 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, ValuEngine downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.40.
Colliers International Group (NASDAQ CIGI) traded down $0.10 during trading on Friday, hitting $65.95. The stock had a trading volume of 31,436 shares, compared to its average volume of 33,697. Colliers International Group has a twelve month low of $46.35 and a twelve month high of $69.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $2,510.00, a PE ratio of 41.48 and a beta of 1.61.
Several institutional investors and hedge funds have recently modified their holdings of CIGI. Alliancebernstein L.P. grew its position in shares of Colliers International Group by 14.0% in the 2nd quarter. Alliancebernstein L.P. now owns 23,160 shares of the financial services provider’s stock worth $1,307,000 after acquiring an additional 2,850 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Colliers International Group by 868.4% in the 2nd quarter. New York State Common Retirement Fund now owns 11,079 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 9,935 shares in the last quarter. Vanguard Group Inc. boosted its position in Colliers International Group by 4.1% during the 2nd 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 period. FMR LLC acquired a new position in Colliers International Group during the 2nd quarter valued at approximately $208,000. Finally, Parametric Portfolio Associates LLC boosted its position in Colliers International Group by 4.5% during the 2nd 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 period. Institutional investors own 70.86% of the company’s stock.
About Colliers International Group
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.
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