Royal Bank Of Canada Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $160.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective reduced by Royal Bank Of Canada from $180.00 to $160.00 in a research report report published on Monday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also commented on CIGI. Raymond James Financial cut their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 17th. National Bank Financial decreased their price target on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Zacks Research cut shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.71.

Colliers International Group Trading Down 0.0%

Shares of CIGI opened at $106.86 on Monday. The stock’s 50-day moving average price is $118.65 and its 200 day moving average price is $139.65. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 53.16 and a beta of 1.44. Colliers International Group has a 12-month low of $95.66 and a 12-month high of $171.51.

Institutional Trading of Colliers International Group

A number of large investors have recently bought and sold shares of CIGI. Caitong International Asset Management Co. Ltd acquired a new position in Colliers International Group during the third quarter worth $26,000. Arax Advisory Partners grew its holdings in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Colliers International Group in the 4th quarter worth about $32,000. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group during the 2nd quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Company Profile

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.