Constellation Software (TSE:CSU) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Constellation Software (TSE:CSU) had its price objective increased by Royal Bank of Canada from C$5,300.00 to C$5,700.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 20.70% from the stock’s previous close.

Several other research firms have also issued reports on CSU. CIBC raised their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday. Raymond James raised their price objective on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday. UBS Group raised Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. TD Securities increased their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on Constellation Software from C$4,900.00 to C$5,500.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5,283.33.

Constellation Software Stock Performance

TSE:CSU opened at C$4,722.50 on Monday. The firm has a market capitalization of C$71.37 billion, a PE ratio of 112.21, a PEG ratio of 2.95 and a beta of 0.81. The stock’s fifty day moving average is C$4,693.06 and its 200 day moving average is C$4,523.94. Constellation Software has a fifty-two week low of C$3,535.00 and a fifty-two week high of C$5,040.00. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93.

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.