Colliers International Group (NASDAQ:CIGI) Given New $145.00 Price Target at Stifel Nicolaus

Colliers International Group (NASDAQ:CIGIFree Report) (TSE:CIGI) had its target price raised by Stifel Nicolaus from $130.00 to $145.00 in a research report report published on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the financial services provider’s stock.

Several other research firms have also recently commented on CIGI. Scotiabank restated a sector outperform rating and set a $140.00 price target (up from $109.00) on shares of Colliers International Group in a report on Friday, January 19th. StockNews.com started coverage on shares of Colliers International Group in a report on Thursday, October 5th. They set a hold rating on the stock. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $107.00 to $129.00 and gave the stock an outperform rating in a report on Wednesday, November 22nd. National Bankshares cut shares of Colliers International Group from an outperform rating to a sector perform rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. Finally, Royal Bank of Canada lowered their target price on shares of Colliers International Group from $130.00 to $121.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group currently has a consensus rating of Moderate Buy and a consensus price target of $133.22.

Read Our Latest Research Report on Colliers International Group

Colliers International Group Stock Performance

CIGI opened at $113.36 on Friday. The business’s 50 day moving average is $115.92 and its 200-day moving average is $107.36. The stock has a market cap of $5.24 billion, a PE ratio of 276.49 and a beta of 1.48. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.17. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.01.

Colliers International Group Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, December 28th. This represents a dividend yield of 0.3%. Colliers International Group’s payout ratio is 73.17%.

Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Colliers International Group in the first quarter valued at approximately $123,000. Raymond James Financial Services Advisors Inc. bought a new position in Colliers International Group in the 1st quarter worth about $655,000. US Bancorp DE grew its stake in shares of Colliers International Group by 453.1% in the first quarter. US Bancorp DE now owns 2,760 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 2,261 shares during the period. Citigroup Inc. bought a new stake in Colliers International Group in the 1st quarter worth approximately $75,000. Finally, Great West Life Assurance Co. Can grew its position in shares of Colliers International Group by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 190 shares during the period. Institutional investors own 63.93% of the company’s stock.

About Colliers International Group

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Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers transaction brokerage services, including sales, leasing, and debt finance services, as well as landlord and tenant representation services; capital markets and investment services; and mortgage investment banking services.

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Analyst Recommendations for Colliers International Group (NASDAQ:CIGI)

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