Colliers International Group (NASDAQ:CIGI) Given New $160.00 Price Target at National Bank Financial

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target decreased by research analysts at National Bank Financial from $185.00 to $160.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price target would suggest a potential upside of 44.16% from the stock’s current price.

Several other research analysts have also commented on CIGI. Scotiabank cut their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday. Royal Bank Of Canada lowered their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday. Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Raymond James Financial upgraded Colliers International Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $195.00 to $200.00 in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Stock Performance

Shares of Colliers International Group stock traded down $2.40 during trading hours on Tuesday, reaching $110.99. The company had a trading volume of 544,978 shares, compared to its average volume of 395,559. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $5.52 billion, a PE ratio of 55.19 and a beta of 1.40. Colliers International Group has a one year low of $98.97 and a one year high of $171.51. The business has a fifty day simple moving average of $141.85 and a 200 day simple moving average of $151.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Durable Capital Partners LP grew its position in Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after buying an additional 652,744 shares during the period. Norges Bank bought a new position in shares of Colliers International Group during the 4th quarter valued at approximately $84,906,000. Bank of Montreal Can lifted its position in Colliers International Group by 69.0% during the fourth quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock valued at $158,274,000 after purchasing an additional 439,607 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Colliers International Group by 114,621.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock valued at $53,762,000 after acquiring an additional 343,865 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in Colliers International Group during the fourth quarter valued at approximately $47,799,000. 80.09% of the stock is owned by hedge funds and other 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.