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    CIGI   CA1946931070

COLLIERS INTERNATIONAL GROUP INC.

(CIGI)
  Report
Delayed Toronto Stock Exchange  -  04:15 2022-09-23 pm EDT
134.86 CAD   -2.54%
09/06Colliers to Buy Controlling Interest in European Capital Markets Advisor Pangea
MT
09/06Colliers International Group Agrees to Acquire Controlling Stake in Pangea Property Partners
MT
09/06Colliers becomes market leader in Nordics
GL
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TSX rises as geopolitical tensions ease

08/03/2022 | 10:30am EDT

* Pelosi leaves Taiwan, eases U.S.-China worries

* Canadian payrolls data awaited later in the week

* Colliers gains after raising FY forecast

Aug 3 (Reuters) - Canada's main stock index rose on Wednesday as geopolitical worries eased after U.S. House of Representatives Speaker Nancy Pelosi left Taiwan, following a visit which infuriated China.

Pelosi pledged solidarity and hailed Taiwan's democracy, leaving a trail of Chinese anger over her brief visit to the self-ruled island that Beijing claims as its own.

"People are getting a little more comfortable that we haven't really seen anything overnight coming out of China and Taiwan," said Greg Taylor, portfolio manager at Purpose Investments in Toronto, Ontario.

"There is some optimism there and maybe a bit of a room for a bounce off some of the selling we got yesterday afternoon."

At 10:15 a.m. ET (1415 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 53.03 points, or 0.27%, at 19,558.36. The energy sector dropped 0.4%, while financials gained 0.5%

Geopolitical tensions knocked down Canadian stocks on Tuesday, with Wall Street also ending lower.

Britain's competition regulator said that Canadian cloud-based software firm Dye & Durham should sell UK-based TM Group after its investigation identified competition concerns. Shares of Dye & Durham rose 3%.

Colliers International Group Inc rose 3.7% after the company raised its full year forecast for 2022 as a result of recent acquisitions.

Market participants will also be watching for payrolls data from both Canada and the United States on Friday for hints on the strength of the labor market and how their respective central banks will react to rising inflation and a stalling economy.

Data on Tuesday showed that Canadian manufacturing activity lost further momentum in July, as production and new orders declined for the first time since the early stages of the coronavirus pandemic.

U.S. stocks also rose on Wednesday after strong results from PayPal and CVS Health, and as an unexpected pick up in U.S. services industry in July eased recession worries. (Reporting by Shreyashi Sanyal and Johann M. Cherian in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
COLLIERS INTERNATIONAL GROUP INC. -2.54% 134.86 Delayed Quote.-28.41%
CVS HEALTH CORPORATION -1.48% 98.35 Delayed Quote.-4.66%
DYE & DURHAM LIMITED 4.98% 12.66 Delayed Quote.-71.79%
MSCI TAIWAN (STRD) -1.58% 487.575 Real-time Quote.-33.25%
PAYPAL HOLDINGS, INC. -0.79% 86.97 Delayed Quote.-53.88%
All news about COLLIERS INTERNATIONAL GROUP INC.
09/06Colliers to Buy Controlling Interest in European Capital Markets Advisor Pangea
MT
09/06Colliers International Group Agrees to Acquire Controlling Stake in Pangea Property Par..
MT
09/06Colliers becomes market leader in Nordics
GL
09/06Colliers to create market leader in Nordics
GL
09/06Colliers to create market leader in Nordics
AQ
09/06Colliers becomes market leader in Nordics
AQ
09/06Colliers International Group Inc. entered into an agreement to acquire an unknown contr..
CI
08/23VendorPM, Inc. announced that it has received $20 million in funding from Prudence Hold..
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08/05Tranche Update on Colliers International Group Inc.'s Equity Buyback Plan announced on ..
CI
08/05Tranche Update on Colliers International Group Inc.'s Equity Buyback Plan announced on ..
CI
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Analyst Recommendations on COLLIERS INTERNATIONAL GROUP INC.
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Financials (USD)
Sales 2022 4 639 M - -
Net income 2022 98,2 M - -
Net Debt 2022 1 442 M - -
P/E ratio 2022 49,1x
Yield 2022 0,30%
Capitalization 4 302 M 4 302 M -
EV / Sales 2022 1,24x
EV / Sales 2023 1,17x
Nbr of Employees 16 780
Free-Float 85,7%
Chart COLLIERS INTERNATIONAL GROUP INC.
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Technical analysis trends COLLIERS INTERNATIONAL GROUP INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 99,41 $
Average target price 134,76 $
Spread / Average Target 35,6%
EPS Revisions
Managers and Directors
Jay S. Hennick Global Chairman & Chief Executive Officer
Christian Mayer Chief Financial Officer
Elias Mulamoottil Co-Chief Investment Officer
Zachary Michaud Co-Chief Investment Officer
Peter F. Cohen Director
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