Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also issued reports on CIGI. Royal Bank of Canada reiterated a “buy” rating and issued a $62.00 target price on shares of Colliers International Group in a research note on Wednesday, September 27th. ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded Colliers International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Scotiabank increased their target price on Colliers International Group from $75.50 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 target price on shares of Colliers International Group in a research note on Wednesday, November 1st. 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 an average rating of “Buy” and an average target price of $71.40.

Shares of Colliers International Group (NASDAQ CIGI) opened at $59.20 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48. Colliers International Group has a 12 month low of $34.70 and a 12 month high of $62.25. The stock has a market capitalization of $2,332.62, a PE ratio of 25.32 and a beta of 1.80.

A number of institutional investors and hedge funds have recently modified their holdings of CIGI. Burgundy Asset Management Ltd. purchased a new position in Colliers International Group in the second quarter valued at about $110,102,000. CIBC Asset Management Inc boosted its holdings in 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 valued at $11,930,000 after purchasing an additional 103,333 shares during the last quarter. Fiera Capital Corp boosted its holdings in 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 valued at $15,626,000 after purchasing an additional 83,100 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Colliers International Group by 5.9% in 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 during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in Colliers International Group by 62.8% in 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 during the last quarter. 63.11% of the stock is owned by hedge funds and other institutional investors.

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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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