National Bank Financial Issues Pessimistic Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Key Points

• National Bank Financial cut its price target on Colliers from $160 to $143 while keeping an "outperform" rating, which implies about a 29.8% upside from the stock's current price.
• Other major brokers (Scotiabank, Raymond James, RBC) have also trimmed targets recently, yet the Street consensus remains a Moderate Buy with an average target of $168.29 and analyst mix of 1 Strong Buy, 5 Buy and 4 Hold ratings.
• Colliers is trading around $110.14 with a 12‑month range of $95.66–$171.51 and a market cap of $5.63B; its high P/E (54.9), a 50‑day average ($116.16) below the 200‑day ($137.84), and ~80% institutional ownership point to recent weakness but significant analyst interest.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI had its target price reduced by equities researchers at National Bank Financial from $160.00 to $143.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. National Bank Financial's target price points to a potential upside of 29.84% from the company's current price.

Other equities analysts have also issued reports about the stock. Scotiabank reduced their price target on shares of Colliers International Group from $185.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, February 17th. Raymond James Financial reduced their price target on shares of Colliers International Group from $200.00 to $185.00 and set a "strong-buy" rating for the company in a research report on Tuesday, February 17th. Zacks Research raised shares of Colliers International Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 2nd. Royal Bank Of Canada reduced their price target on shares of Colliers International Group from $180.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.29.

Colliers International Group Stock Performance

Shares of Colliers International Group stock traded up $2.08 on Wednesday, reaching $110.14. 134,271 shares of the stock were exchanged, compared to its average volume of 384,342. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a twelve month low of $95.66 and a twelve month high of $171.51. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 54.89 and a beta of 1.45. The business has a 50 day moving average price of $116.16 and a two-hundred day moving average price of $137.84.

Hedge Funds Weigh In On Colliers International Group

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group during the 3rd quarter valued at approximately $26,000. Arax Advisory Partners increased its holdings in shares of Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Colliers International Group during the 4th quarter valued at approximately $32,000. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group during the 2nd quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $40,000 after purchasing an additional 63 shares in the last quarter. 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.

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