Brokerages Set Colliers International Group Inc. (NASDAQ:CIGI) Price Target at $176.70

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $176.70.

Several brokerages recently issued reports on CIGI. Wall Street Zen raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Saturday. National Bankshares upped their price objective on shares of Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Stifel Nicolaus increased their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. CIBC boosted their target price on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Scotiabank upped their price target on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th.

Colliers International Group Price Performance

Colliers International Group stock opened at $145.22 on Monday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 63.42 and a beta of 1.40. Colliers International Group has a 52-week low of $100.86 and a 52-week high of $171.51. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50 day moving average price is $147.80 and its two-hundred day moving average price is $150.29.

Colliers International Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s payout ratio is currently 13.10%.

Institutional Trading of Colliers International Group

Hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL bought a new stake in Colliers International Group during the 3rd quarter valued at $7,222,000. Swiss Life Asset Management Ltd bought a new stake in shares of Colliers International Group during the third quarter worth about $294,000. JPMorgan Chase & Co. raised its holdings in shares of Colliers International Group by 114,621.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after acquiring an additional 343,865 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group in the 3rd quarter worth about $26,000. Finally, Verition Fund Management LLC bought a new position in Colliers International Group in the 3rd quarter valued at about $1,145,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

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.