Colliers International Group (TSE:CIGI) Stock Crosses Below 50 Day Moving Average – What’s Next?

Colliers International Group Inc. (TSE:CIGI) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$202.26 and traded as low as C$196.00. Colliers International Group shares last traded at C$199.25, with a volume of 34,729 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective on Colliers International Group from C$160.00 to C$180.00 in a research report on Thursday, October 31st.

Colliers International Group Stock Performance

The stock has a market cap of C$10.02 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.66. The company has a debt-to-equity ratio of 85.02, a quick ratio of 0.58 and a current ratio of 1.03. The firm’s 50 day moving average is C$202.26 and its 200 day moving average is C$193.45.

About Colliers International Group

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.