Royal Bank of Canada Reiterates “C$5.70” Price Target for Constellation Software (TSE:CSU)

Constellation Software (TSE:CSU) received a C$5.70 target price from research analysts at Royal Bank of Canada in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential downside of 99.88% from the company’s current price.

CSU has been the topic of several other reports. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. Raymond James boosted their price objective on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday, March 10th. CIBC boosted their price objective on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday, March 10th. Finally, BMO Capital Markets boosted their price objective on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and an average target price of C$4,334.28.

Constellation Software Trading Down 0.6 %

CSU opened at C$4,626.66 on Friday. The stock has a market capitalization of C$69.92 billion, a P/E ratio of 109.93, a P/E/G ratio of 2.95 and a beta of 0.81. Constellation Software has a 12 month low of C$3,535.00 and a 12 month high of C$5,040.00. The firm’s fifty day simple moving average is C$4,744.42 and its 200 day simple moving average is C$4,541.48. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.