Scotiabank Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $155.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target decreased by Scotiabank from $185.00 to $155.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

A number of other research firms also recently commented on CIGI. Royal Bank Of Canada dropped their price objective on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday. Stifel Nicolaus boosted their target price on Colliers International Group from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce increased their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Trading Down 1.1%

CIGI opened at $115.02 on Tuesday. The firm has a 50 day simple moving average of $140.05 and a 200 day simple moving average of $150.50. Colliers International Group has a fifty-two week low of $98.97 and a fifty-two week high of $171.51. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 57.22 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.14.

Colliers International Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a dividend of $0.15 per share. This represents a dividend yield of 20.0%. The ex-dividend date was Wednesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is presently 14.93%.

Institutional Trading of Colliers International Group

Several hedge funds and other institutional investors have recently modified their holdings of CIGI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group during the third quarter worth about $26,000. Arax Advisory Partners lifted its stake in Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Colliers International Group during the 4th quarter worth approximately $32,000. JPMorgan Chase & Co. bought a new position in shares of Colliers International Group during the 2nd quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds 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.