Colliers International Group (NASDAQ:CIGI) Given New $160.00 Price Target at Royal Bank Of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target decreased by Royal Bank Of Canada from $180.00 to $160.00 in a report published on Monday, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on CIGI. Scotiabank decreased their price target on 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. Zacks Research cut Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research report on Friday, March 13th. Finally, Raymond James Financial lowered their target price on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $170.71.

Colliers International Group Stock Performance

CIGI stock opened at $103.21 on Monday. The stock has a market capitalization of $5.27 billion, a PE ratio of 51.35 and a beta of 1.41. Colliers International Group has a 12-month low of $95.66 and a 12-month high of $171.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $120.11 and its 200 day simple moving average is $140.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CIGI. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 63 shares during the period. Blue Trust Inc. lifted its stake in shares of Colliers International Group by 17.1% in 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 during the period. Stonegate Investment Group LLC lifted its stake in shares of Colliers International Group by 4.2% in 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 period. Cooper Investors PTY Ltd. boosted its holdings in shares of Colliers International Group by 0.4% in the fourth quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 114 shares during the last quarter. Finally, Arax Advisory Partners boosted its holdings in shares of Colliers International Group by 137.0% in 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 during the last quarter. 80.09% of the stock is 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.