Colliers International Group (TSE:CIGI) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Colliers International Group Inc. (TSE:CIGI) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$202.26 and traded as low as C$196.00. Colliers International Group shares last traded at C$199.25, with a volume of 34,729 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their target price on Colliers International Group from C$160.00 to C$180.00 in a research note on Thursday, October 31st.

Colliers International Group Price Performance

The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 85.02. The company has a market cap of C$10.02 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 0.48 and a beta of 1.66. The stock’s 50-day simple moving average is C$202.26 and its 200 day simple moving average is C$193.45.

Colliers International Group Company Profile

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.