Analyst Stephen Macleod of BMO Capital maintained a Buy rating on Colliers International Group (CIGI – Research Report), retaining the price target of $167.00.
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Stephen Macleod’s rating is based on several compelling factors. Firstly, the management of Colliers International Group has expressed strong confidence in the company’s long-term growth potential across all its business segments. They have a strategic focus on creating shareholder value, with plans to potentially double the size of their Engineering and Investment Management divisions over the next five years, which could lead to multiple expansions. The company’s stock is perceived as undervalued, trading at 10.5 times the estimated 2026 EV/EBITDA, and is expected to continue compounding shareholder value over multiple years.
Moreover, Colliers is strategically positioned for sustained success, with growth opportunities both organically and through acquisitions. The company has a robust presence in key markets such as Canada, the U.S., and Australia, and is poised to benefit from infrastructure trends and market fragmentation. The Investment Management division is on track to meet its fundraising targets, while the Capital Markets & Leasing segment is experiencing a multi-year recovery. With strong liquidity and a focus on strategic acquisitions, Colliers is well-equipped to enhance its market share and expand its business lines, making it an attractive investment opportunity.
Macleod covers the Consumer Cyclical sector, focusing on stocks such as Aritzia, Winpak , and CCL Industries. According to TipRanks, Macleod has an average return of 11.9% and a 60.83% success rate on recommended stocks.