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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price cut by stock analysts at Scotiabank from $185.00 to $155.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s target price suggests a potential upside of 39.65% from the stock’s current price.

A number of other analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Royal Bank Of Canada lowered their price target on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. Wall Street Zen downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday. National Bank Financial raised their target price on shares of Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Finally, Raymond James Financial upgraded shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $195.00 to $200.00 in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.89.

Colliers International Group Stock Down 2.1%

Shares of CIGI stock traded down $2.40 during midday trading on Tuesday, reaching $110.99. 544,978 shares of the stock were exchanged, compared to its average volume of 395,559. Colliers International Group has a 1 year low of $98.97 and a 1 year high of $171.51. The firm has a market cap of $5.52 billion, a PE ratio of 55.19 and a beta of 1.40. The company’s 50 day moving average is $141.85 and its two-hundred day moving average is $151.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group during the 3rd quarter valued at about $26,000. Arax Advisory Partners lifted its position in Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after buying an additional 126 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Colliers International Group during the fourth quarter worth $32,000. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the 2nd quarter worth $39,000. Finally, EverSource Wealth Advisors LLC boosted 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 valued at $40,000 after acquiring an additional 63 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.