14:35:49 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Colliers International Group Inc
Symbol CIGI
Shares Issued 48,951,182
Close 2024-09-13 C$ 199.35
Market Cap C$ 9,758,418,132
Recent Sedar Documents

Globe says BMO's MacLeod keeps Colliers at "outperform"

2024-09-13 08:08 ET - In the News

The Globe and Mail reports in its Friday, Sept. 13, edition that BMO Capital analyst Stephen MacLeod is keeping his "outperform" recommendation for Colliers International Group intact. The Globe's David Leeder writes that Mr. MacLeod, however, tweaked his share target ahead by a buck to $164 (all figures U.S.). Analysts on average target the shares at $153.50. Mr. MacLeod says Colliers is "built for growth." Mr. MacLeod says in a note: "We hosted CEO Jay Hennick, CFO Christian Mayer and CEO of Real Estate Services Chris McLernon for investor meetings. The tone of the meetings reflected strong confidence in Colliers' long-term growth outlook across all of its businesses, as well as management's keen focus on shareholder value creation. Near-term, recurring services continue to provide stability, while capital markets activity recovers with rate cuts. We see value in the stock (12.1 times 2025 estimated EV/EBITDA; SOTP valuation pushes $149 to $180+) and believe Colliers will continue to be a multiyear compounder of shareholder value." The Globe reported on Aug. 2 that Raymond James analyst Frederic Bastien had downgraded Colliers International to "outperform" from "strong buy." It was then worth $136.22.

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