Colliers International Group (NASDAQ:CIGI) Price Target Cut to $180.00 by Analysts at Raymond James Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective dropped by stock analysts at Raymond James Financial from $185.00 to $180.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price objective suggests a potential upside of 72.27% from the company’s previous close.

Several other analysts also recently issued reports on CIGI. National Bank Financial decreased their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Scotia reduced their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $165.38.

Colliers International Group Price Performance

CIGI traded down $6.00 on Wednesday, hitting $104.49. 126,699 shares of the company’s stock traded hands, compared to its average volume of 344,969. The company’s 50 day simple moving average is $110.83 and its 200-day simple moving average is $133.35. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 51.96 and a beta of 1.45. Colliers International Group has a one year low of $95.66 and a one year high of $171.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.

Institutional Trading of Colliers International Group

A number of large investors have recently added to or reduced their stakes in CIGI. Intact Investment Management Inc. increased its position in shares of Colliers International Group by 19.3% during the 3rd quarter. Intact Investment Management Inc. now owns 75,180 shares of the financial services provider’s stock valued at $11,759,000 after purchasing an additional 12,140 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group during the 3rd quarter valued at approximately $19,158,000. Cidel Asset Management Inc. increased its position in shares of Colliers International Group by 3.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock valued at $20,982,000 after purchasing an additional 4,847 shares during the last quarter. Citigroup Inc. increased its position in shares of Colliers International Group by 1,164.9% during the 3rd quarter. Citigroup Inc. now owns 54,745 shares of the financial services provider’s stock valued at $8,564,000 after purchasing an additional 50,417 shares during the last quarter. Finally, Brummer Multi Strategy AB bought a new position in shares of Colliers International Group during the 3rd quarter valued at approximately $691,000. Institutional investors own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.