Colliers International Group (TSE:CIGI) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Colliers International Group Inc. (TSE:CIGI)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$202.26 and traded as low as C$196.00. Colliers International Group shares last traded at C$199.25, with a volume of 34,729 shares traded.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price objective on shares of Colliers International Group from C$160.00 to C$180.00 in a research note on Thursday, October 31st.

Colliers International Group Stock Performance

The firm has a market cap of C$10.02 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.66. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 85.02. The stock has a fifty day moving average price of C$202.26 and a 200 day moving average price of C$193.14.

About Colliers International Group

Colliers International Group Inc is a real estate services and investment management company. The company has operations in over 60 countries to provide expert advice and services to maximize the value of the property for real estate occupiers, owners, and investors. It offers services to the investor, developers, and occupiers which includes source capital solutions, services for commercial and residential property developers, on a local, regional, national and international basis, Infrastructure consulting, Design and Build, and Market research.