Colliers International Group (NASDAQ:CIGI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lifted by equities researchers at Stifel Nicolaus from $190.00 to $195.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 44.89% from the company’s current price.

A number of other research analysts have also recently issued reports on CIGI. CIBC lifted their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. National Bankshares lifted their price target on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Finally, Raymond James Financial raised shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $195.00 to $200.00 in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $178.70.

Colliers International Group Price Performance

Shares of CIGI traded up $6.25 during mid-day trading on Wednesday, reaching $134.59. The company had a trading volume of 995,300 shares, compared to its average volume of 214,484. The company’s 50-day moving average is $144.28 and its 200-day moving average is $152.10. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $6.70 billion, a P/E ratio of 58.82 and a beta of 1.40. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $171.51.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors have recently added to or reduced their stakes in the business. Durable Capital Partners LP grew its holdings in shares of Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after purchasing an additional 652,744 shares in the last quarter. Norges Bank purchased a new position in Colliers International Group in the 2nd quarter worth approximately $74,820,000. JPMorgan Chase & Co. raised its position in shares of Colliers International Group by 114,621.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock valued at $53,762,000 after buying an additional 343,865 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Colliers International Group in the second quarter valued at $35,521,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Colliers International Group by 732.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 214,234 shares of the financial services provider’s stock worth $33,498,000 after purchasing an additional 188,508 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Company Profile

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.