Colliers International Group Inc. (NASDAQ:CIGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $168.2857.

A number of research firms have recently weighed in on CIGI. Stifel Nicolaus set a $175.00 price target on shares of Colliers International Group in a research note on Friday, March 13th. Zacks Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Raymond James Financial dropped their price target on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $111.15 on Wednesday. Colliers International Group has a 1-year low of $95.66 and a 1-year high of $171.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $5.68 billion, a PE ratio of 55.30 and a beta of 1.45. The firm’s fifty day simple moving average is $114.56 and its 200-day simple moving average is $136.77.

Institutional Investors Weigh In On Colliers International Group

A number of large investors have recently bought and sold shares of CIGI. Caitong International Asset Management Co. Ltd bought a new stake in Colliers International Group in the third quarter worth $26,000. Arax Advisory Partners boosted its holdings in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Colliers International Group in the fourth quarter worth $32,000. JPMorgan Chase & Co. bought a new stake in Colliers International Group in the second quarter worth $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Colliers International Group by 26.3% in the second 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 in the last quarter. 80.09% of the stock is currently owned by institutional investors.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.