Colliers International Group Inc. (CIGI) Given Buy Rating at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in a research report sent to investors on Thursday, November 2nd. The brokerage currently has a $66.00 target price on the financial services provider’s stock.

Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Colliers International Group from a strong-buy rating to a buy rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Colliers International Group from a hold rating to a buy rating in a research note on Friday, September 1st. Sidoti upgraded shares of Colliers International Group from a neutral rating to a buy rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Colliers International Group from a sell rating to a hold rating in a research note on Tuesday, October 3rd. Finally, Scotiabank upped their target price on shares of Colliers International Group from $75.50 to $83.00 and gave the company an outperform rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Colliers International Group currently has a consensus rating of Buy and a consensus target price of $71.40.

Colliers International Group (NASDAQ:CIGI) traded down $0.35 during trading hours on Thursday, hitting $59.10. 18,600 shares of the stock were exchanged, compared to its average volume of 42,634. Colliers International Group has a 12-month low of $34.20 and a 12-month high of $60.75. The stock has a market cap of $2,311.24, a P/E ratio of 25.08 and a beta of 1.81. 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 and other institutional investors have recently added to or reduced their stakes in CIGI. Parametric Portfolio Associates LLC grew its holdings in Colliers International Group by 21.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 10,062 shares of the financial services provider’s stock valued at $475,000 after buying an additional 1,743 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group in the first quarter valued at $230,000. Vanguard Group Inc. grew its holdings in shares of Colliers International Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 770,073 shares of the financial services provider’s stock valued at $36,347,000 after purchasing an additional 43,721 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Colliers International Group by 25.3% in the first quarter. Geode Capital Management LLC now owns 20,840 shares of the financial services provider’s stock valued at $984,000 after purchasing an additional 4,214 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Colliers International Group by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 73,251 shares of the financial services provider’s stock valued at $3,457,000 after purchasing an additional 12,913 shares in the last quarter. Institutional investors own 66.00% of the company’s stock.

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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