Colliers International Group (NASDAQ:CIGI) Given New $185.00 Price Target at Raymond James Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective cut by Raymond James Financial from $200.00 to $185.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the financial services provider’s stock. Raymond James Financial’s price objective points to a potential upside of 66.68% from the stock’s current price.

A number of other equities analysts have also commented on CIGI. National Bank Financial lowered their price objective on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank Of Canada decreased their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce lifted their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.89.

Colliers International Group Stock Down 2.1%

Shares of NASDAQ CIGI traded down $2.40 during midday trading on Tuesday, reaching $110.99. The company’s stock had a trading volume of 544,978 shares, compared to its average volume of 395,559. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a 50 day simple moving average of $141.85 and a 200-day simple moving average of $151.28. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 55.19 and a beta of 1.40. Colliers International Group has a fifty-two week low of $98.97 and a fifty-two week high of $171.51.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Intact Investment Management Inc. lifted its stake in Colliers International Group by 19.3% in the third quarter. Intact Investment Management Inc. now owns 75,180 shares of the financial services provider’s stock worth $11,759,000 after purchasing an additional 12,140 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in Colliers International Group by 3.7% during the 3rd quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock worth $20,982,000 after acquiring an additional 4,847 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Colliers International Group by 21.3% in the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after buying an additional 158,668 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Colliers International Group during the 3rd quarter worth $19,158,000. Finally, Ceredex Value Advisors LLC grew its position in shares of Colliers International Group by 2.9% in the 2nd quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock worth $10,971,000 after buying an additional 2,350 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

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.