Constellation Software (TSE:CSU) Stock Price Expected to Rise, CIBC Analyst Says

Constellation Software (TSE:CSU) had its price objective boosted by stock analysts at CIBC from C$4,800.00 to C$5,300.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 14.58% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CSU. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. National Bankshares increased their price objective on Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Securities lifted their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. BMO Capital Markets increased their price target on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Finally, Raymond James lifted their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at C$4,625.54 on Monday. The company’s 50 day moving average price is C$4,455.63 and its two-hundred day moving average price is C$4,225.32. The firm has a market capitalization of C$98.02 billion, a P/E ratio of 109.27, a P/E/G ratio of 2.95 and a beta of 0.81. Constellation Software has a fifty-two week low of C$3,148.70 and a fifty-two week high of C$4,879.19. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.