Colliers International Group (TSE:CIG) Downgraded by Raymond James

Posted by Irma Garcia on Aug 5th, 2024

Raymond James cut shares of Colliers International Group (TSE:CIG – Free Report) (NASDAQ:CIGI) from a strong-buy rating to a moderate buy rating in a report released on Thursday, Zacks.com reports.

Colliers International Group Price Performance

Colliers International Group has a 1 year low of C$1.89 and a 1 year high of C$47.85.

Colliers International Group (TSE:CIG – Get Free Report) (NASDAQ:CIGI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.16 by C($0.27). The company had revenue of C$1.35 billion during the quarter, compared to analysts’ expectations of C$1.34 billion.

Colliers International Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.207 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Colliers International Group’s previous Semi-Annual dividend of $0.20.

Insider Buying and Selling at Colliers International Group

In other news, Director Jane Gavan sold 4,975 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$150.43, for a total transaction of C$748,384.77. In related news, Director Jane Gavan sold 4,975 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$150.43, for a total transaction of C$748,384.77. Also, Senior Officer Rebecca Finley sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$148.49, for a total value of C$742,465.00. Insiders have sold a total of 15,075 shares of company stock valued at $2,260,236 over the last quarter.

About Colliers International Group

(Get Free Report)

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.