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

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

A number of other equities analysts also recently issued reports on CIGI. Raymond James Financial cut their price target on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 17th. Stifel Nicolaus set a $175.00 target price on shares of Colliers International Group in a research report on Friday, March 13th. Scotiabank dropped 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 report on Tuesday, February 17th. Zacks Research lowered Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, National Bank Financial lowered their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.71.

Colliers International Group Price Performance

NASDAQ:CIGI traded up $3.32 during trading hours on Monday, hitting $103.18. The company’s stock had a trading volume of 160,749 shares, compared to its average volume of 396,743. Colliers International Group has a 52-week low of $95.66 and a 52-week high of $171.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The business’s 50-day moving average is $120.99 and its two-hundred day moving average is $140.77. The company has a market capitalization of $5.27 billion, a PE ratio of 51.33 and a beta of 1.41.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently added to or reduced their stakes in the business. Durable Capital Partners LP grew its position 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 purchasing an additional 73,623 shares during the last quarter. Vanguard Group Inc. lifted its stake in Colliers International Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock valued at $293,379,000 after buying an additional 23,516 shares in the last quarter. FIL Ltd lifted its stake in Colliers International Group by 5.0% in the 4th quarter. FIL Ltd now owns 1,780,980 shares of the financial services provider’s stock valued at $261,772,000 after buying an additional 85,078 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Colliers International Group by 16.7% during 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 buying an additional 187,663 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Colliers International Group by 69.0% during 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 buying an additional 439,607 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other 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.