Colliers International Group Inc. (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) gapped down before the market opened on Tuesday . The stock had previously closed at $154.03, but opened at $144.90. Colliers International Group shares last traded at $145.85, with a volume of 25,852 shares trading hands.
Analyst Upgrades and Downgrades
CIGI has been the subject of several research analyst reports. Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $150.00 to $160.00 in a report on Friday, August 2nd. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Scotiabank raised their price target on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada raised their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.33.
View Our Latest Report on CIGI
Colliers International Group Price Performance
Institutional Investors Weigh In On Colliers International Group
A number of institutional investors and hedge funds have recently bought and sold shares of CIGI. PNC Financial Services Group Inc. increased its holdings in shares of Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Colliers International Group in the 1st quarter valued at $229,000. Whittier Trust Co. increased its holdings in shares of Colliers International Group by 16.4% in the 1st quarter. Whittier Trust Co. now owns 3,764 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 529 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Colliers International Group in the 1st quarter valued at $118,000. 80.09% of the stock is owned by institutional investors.
Colliers International Group Company Profile
Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.
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