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 sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services. The company provides outsourcing and advisory services, such as corporate and workplace solutions; valuation and advisory services; workplace strategy services; loan servicing; property marketing; research services; and engineering design services for property and building, infrastructure, transportation, environmental and telecommunications end-markets. It also offers property management services comprising building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract management and, construction management; and project management services, which include bid document review, construction monitoring and delivery management, contract administration and integrated cost control, development management, facility and engineering functionality, milestone and performance monitoring, quality assurance, risk management and strategic project consulting. In addition, the company provides investment management services that consists of asset management advisory and administration, transaction, and incentive services. The company was founded in 1972 and is headquartered in Toronto, Canada.
Colliers International Group Price Performance
Shares of Colliers International Group stock traded up $0.92 during trading hours on Tuesday, reaching $131.17. The stock had a trading volume of 49,367 shares, compared to its average volume of 85,056. The stock's 50 day moving average is $115.57 and its 200 day moving average is $122.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.58. Colliers International Group has a twelve month low of $97.39 and a twelve month high of $158.42. The firm has a market capitalization of $5.50 billion, a PE ratio of 83.55 and a beta of 1.48.
Analyst Upgrades and Downgrades
Several analysts have weighed in on CIGI shares. Raymond James set a $180.00 price target on Colliers International Group and gave the company a "strong-buy" rating in a research note on Tuesday, May 10th. Wolfe Research began coverage on shares of Colliers International Group in a research report on Monday, July 25th. They set a "peer perform" rating for the company. National Bankshares dropped their price objective on shares of Colliers International Group from $176.00 to $164.00 and set an "outperform" rating on the stock in a report on Wednesday, May 4th. StockNews.com upgraded shares of Colliers International Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 5th. Finally, Scotiabank lowered their price target on shares of Colliers International Group from $168.00 to $160.00 in a report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.38.