Colliers International Group Inc. (NASDAQ:CIGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $175.70.

Several research firms recently issued reports on CIGI. JMP Securities assumed coverage on Colliers International Group in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Raymond James Financial increased their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on Colliers International Group from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus increased their price objective on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $148.15 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 67.34 and a beta of 1.47. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $171.51. The stock has a fifty day simple moving average of $158.77 and a 200-day simple moving average of $144.99.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. TCTC Holdings LLC raised its holdings in Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Colliers International Group in the 1st quarter valued at approximately $33,000. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Colliers International Group during the 1st quarter worth $52,000. 80.09% of the stock is owned by institutional investors and hedge funds.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.