Colliers International Group (NASDAQ:CIGI) Price Target Cut to $160.00 by Analysts at Royal Bank Of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price dropped by equities researchers at Royal Bank Of Canada from $180.00 to $160.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 55.07% from the company’s previous close.

CIGI has been the subject of several other research reports. Zacks Research downgraded shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Scotiabank decreased their target price on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, National Bank Financial dropped their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.71.

Colliers International Group Stock Performance

CIGI traded up $3.32 during trading on Monday, hitting $103.18. 160,749 shares of the stock were exchanged, compared to its average volume of 396,743. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a 1-year low of $95.66 and a 1-year high of $171.51. The stock has a fifty day moving average price of $120.99 and a two-hundred day moving average price of $140.77. The firm has a market capitalization of $5.27 billion, a P/E ratio of 51.33 and a beta of 1.41.

Institutional Trading of Colliers International Group

Several hedge funds have recently made changes to their positions in the company. Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 2.0% in the third quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock valued at $577,840,000 after acquiring an additional 73,623 shares in the last quarter. Vanguard Group Inc. raised its holdings in Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock worth $293,379,000 after purchasing an additional 23,516 shares in the last quarter. FIL Ltd lifted its position in Colliers International Group by 5.0% in the fourth quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock valued at $261,772,000 after purchasing an additional 85,078 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Colliers International Group by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,308,985 shares of the financial services provider’s stock valued at $192,436,000 after purchasing an additional 187,663 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Colliers International Group by 69.0% in the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after purchasing an additional 439,607 shares in 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.