Scotiabank Trims Colliers International Group Inc (TSE:CIGI) Target Price to C$75.50
A number of other research analysts also recently weighed in on CIGI. Royal Bank Of Canada increased their price objective on shares of Colliers International Group from C$50.00 to C$58.00 and gave the company an outperform rating in a research report on Wednesday, May 3rd. BMO Capital Markets set a C$60.00 price objective on shares of Colliers International Group and gave the company an outperform rating in a research report on Wednesday, May 3rd. Five analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of C$62.63.
Shares of Colliers International Group (TSE:CIGI) opened at 65.83 on Wednesday. Colliers International Group has a 12-month low of $45.97 and a 12-month high of $77.00. The company has a market cap of $2.56 billion and a PE ratio of 39.78. The company has a 50 day moving average of $70.86 and a 200-day moving average of $65.08.
In related news, insider Jay Steward Hennick sold 300,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of C$70.60, for a total transaction of C$21,180,000.00. Also, Director Katherine M. Lee acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of C$70.00 per share, for a total transaction of C$70,000.00. In the last 90 days, insiders have sold 411,600 shares of company stock worth $29,059,850.
About Colliers International Group
Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The companys Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.
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