National Bankshares Increases Colliers International Group (NASDAQ:CIGI) Price Target to $185.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price target upped by National Bankshares from $181.00 to $185.00 in a report released on Monday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 28.10% from the stock’s current price.

Several other equities research analysts have also recently weighed in on CIGI. Scotiabank boosted their price target on shares of Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. boosted their target price on shares of Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. CIBC upped their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price objective on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.70.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI traded down $1.12 during mid-day trading on Monday, reaching $144.42. The stock had a trading volume of 53,520 shares, compared to its average volume of 129,972. The business’s 50 day moving average price is $150.54 and its 200 day moving average price is $148.31. Colliers International Group has a 1 year low of $100.86 and a 1 year high of $171.51. The company has a market cap of $7.17 billion, a P/E ratio of 63.06 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CIGI. EverSource Wealth Advisors LLC grew its position in 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 worth $40,000 after purchasing an additional 63 shares during the period. Blue Trust Inc. boosted its stake in shares of Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after buying an additional 74 shares during the last quarter. Stonegate Investment Group LLC grew its holdings in Colliers International Group by 4.2% during the third quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 76 shares during the period. Cornerstone Investment Partners LLC raised its position in Colliers International Group by 3.6% during the second quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 77 shares in the last quarter. Finally, Vista Finance LLC lifted its holdings in Colliers International Group by 4.1% in the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.