Royal Bank Of Canada Reaffirms Buy Rating for Colliers International Group Inc. (NASDAQ:CIGI)

Royal Bank Of Canada reiterated their buy rating on shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in a research note published on Thursday, November 2nd. Royal Bank Of Canada currently has a $66.00 price objective on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on CIGI. Sidoti cut Colliers International Group from a buy rating to a neutral rating in a research note on Monday, July 17th. BidaskClub lowered Colliers International Group from a strong-buy rating to a buy rating in a report on Monday, July 24th. BMO Capital Markets lifted their target price on Colliers International Group from $60.00 to $63.00 and gave the company an outperform rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. reaffirmed an outperform rating and set a $75.00 target price (up previously from $59.00) on shares of Colliers International Group in a report on Wednesday, August 2nd. Finally, Scotiabank cut their price objective on Colliers International Group from $76.00 to $75.50 and set an outperform rating for the company in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $71.40.

Colliers International Group (NASDAQ:CIGI) traded down $0.10 during midday trading on Thursday, hitting $59.00. The stock had a trading volume of 18,400 shares, compared to its average volume of 42,524. The company has a market cap of $2,297.63, a PE ratio of 24.94 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. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48.

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A number of hedge funds have recently modified their holdings of CIGI. Burgundy Asset Management Ltd. purchased a new stake in Colliers International Group in the second quarter worth $110,102,000. CIBC Asset Management Inc grew its stake in shares of Colliers International Group by 75.0% in the third quarter. CIBC Asset Management Inc now owns 241,110 shares of the financial services provider’s stock worth $11,930,000 after acquiring an additional 103,333 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Colliers International Group by 42.9% in the second quarter. Fiera Capital Corp now owns 276,941 shares of the financial services provider’s stock worth $15,626,000 after acquiring an additional 83,100 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Colliers International Group by 5.9% during the second quarter. William Blair Investment Management LLC now owns 1,321,032 shares of the financial services provider’s stock valued at $74,572,000 after purchasing an additional 73,763 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in shares of Colliers International Group by 62.8% during the second quarter. CIBC World Markets Inc. now owns 179,249 shares of the financial services provider’s stock valued at $10,119,000 after purchasing an additional 69,167 shares in the last quarter. 66.00% of the stock is currently owned by institutional investors.

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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