National Bank Financial Lowers Colliers International Group (NASDAQ:CIGI) Price Target to $143.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target lowered by investment analysts at National Bank Financial from $160.00 to $143.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price objective would indicate a potential upside of 28.24% from the company’s current price.

A number of other brokerages also recently commented on CIGI. Raymond James Financial reduced their price objective on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada reduced their price target on shares of Colliers International Group from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Stifel Nicolaus set a $175.00 price target on shares of Colliers International Group in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.29.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $111.51 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market cap of $5.70 billion, a P/E ratio of 55.48 and a beta of 1.45. Colliers International Group has a 52 week low of $95.66 and a 52 week high of $171.51. The company has a 50-day moving average price of $115.07 and a 200 day moving average price of $137.47.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted 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 period. Blue Trust Inc. increased its stake in shares of Colliers International Group by 17.1% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 74 shares in the last quarter. Stonegate Investment Group LLC raised its position in shares of Colliers International Group by 4.2% during the 3rd quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 76 shares during the last quarter. Cooper Investors PTY Ltd. raised its position in shares of Colliers International Group by 0.4% during the 4th quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after purchasing an additional 114 shares during the last quarter. Finally, Arax Advisory Partners raised its position in shares of Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 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.