Colliers International Group Inc. (NASDAQ:CIGI) Receives $175.70 Consensus Target Price from Analysts

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $175.70.

CIGI has been the topic of a number of recent research reports. JMP Securities started coverage on Colliers International Group in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. CIBC lifted their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. National Bankshares boosted their price target on shares of Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price objective on shares of Colliers International Group from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st.

Colliers International Group Trading Down 1.1%

Colliers International Group stock opened at $146.57 on Friday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 66.62 and a beta of 1.47. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $171.51. The firm’s 50 day moving average price is $158.39 and its two-hundred day moving average price is $145.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17.

Institutional Investors Weigh In On Colliers International Group

Several hedge funds have recently bought and sold shares of CIGI. EverSource Wealth Advisors LLC increased its holdings in shares of Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the period. Blue Trust Inc. grew its position in Colliers International Group by 17.1% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares in the last quarter. Stonegate Investment Group LLC grew its position in Colliers International Group by 4.2% during the third quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 76 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in Colliers International Group by 3.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock valued at $286,000 after buying an additional 77 shares during the period. Finally, TCTC Holdings LLC lifted its position in Colliers International Group by 114.9% in the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after buying an additional 116 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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.