Royal Bank of Canada Increases Constellation Software (TSE:CSU) Price Target to C$1,450.00

Constellation Software (TSE:CSU) had its price objective upped by analysts at Royal Bank of Canada from C$1,350.00 to C$1,450.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.80% from the stock’s current price.

CSU has been the topic of several other research reports. BMO Capital Markets raised their price target on shares of Constellation Software from C$1,300.00 to C$1,400.00 in a research report on Tuesday. CIBC lifted their target price on shares of Constellation Software from C$1,250.00 to C$1,350.00 in a research report on Friday, July 26th. Finally, Raymond James reissued a “market perform” rating and set a C$1,200.00 target price on shares of Constellation Software in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Constellation Software currently has a consensus rating of “Hold” and a consensus price target of C$1,207.14.

TSE CSU traded up C$5.03 during trading hours on Wednesday, hitting C$1,263.05. The company’s stock had a trading volume of 28,560 shares, compared to its average volume of 44,674. Constellation Software has a 52 week low of C$814.32 and a 52 week high of C$1,320.31. The stock has a market capitalization of $26.22 billion and a P/E ratio of 66.19. The company has a debt-to-equity ratio of 99.82, a current ratio of 0.63 and a quick ratio of 0.47. The company’s 50-day moving average price is C$1,243.57.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The Public Sector segment develops and distributes software solutions primarily to government and government-related customers.

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