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Colliers International Group Inc T.CIGI

Alternate Symbol(s):  CIGI

Colliers International Group Inc. is a diversified professional services company. It provides commercial real estate services, engineering consultancy and investment management with operations in 70 countries. Its segment includes Real Estate Services, Engineering and Investment Management. Its primary service lines are outsourcing, engineering, investment management, leasing and capital markets. Its services for landlords and investors include landlord representation, project management, capital market, valuation and advisory, real estate management, engineering and design services, and others. Its services for occupiers and tenants include occupier services, tenant representation, project management, technology services, and others. It offers services to various properties-including hospitality, industrial, land, multifamily, office, retail healthcare, and special purpose. It provides its services to a range of industries, such as education, self-storage, life science, and others.


TSX:CIGI - Post by User

Post by retiredcfon Feb 11, 2022 8:38am
295 Views
Post# 34419479

Multiple Upgrades

Multiple Upgrades

CIBC’s Scott Fromson raised his Colliers International Group Inc. (CIGI-QCIGI-T) target to US$190 from USS$185 with an “outperformer” rating, while Scotia Capital’s George Doumet increased his target to US$179.50 from US$173 with a “sector outperform” rating and Raymond James’ Frederic Bastien bumped up his target to US$195 from US$185 with a “strong buy” rating. The average is US$181.58.

“We have every reason to be bullish on Colliers International following the release of strong 4Q21 results [Thursday],” said Mr. Bastien. “The firm is riding favourable industry trends and harnessing the power of its unique partnership model to further expand its recurring activities—per its Enterprise ‘25 Global Growth Strategy. Record capital raises for 2021 set up the high-margin Investment Management (IM) platform for a particularly active next few months of deployment, while the pending acquisitions Antirion and Basalt Infrastructure should add incremental growth throughout the year. Importantly, these investments still leave management with plenty of dry powder to consolidate US engineering and design practices, just as the long awaited push to reimagine, rebuild and upgrade the country’s aging infrastructure is taking shape. As this transpires, we expect CIGI’s valuation to keep moving higher.”

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