CIBC Issues Positive Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its target price raised by research analysts at CIBC from C$5,300.00 to C$5,450.00 in a report released on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 13.60% from the company’s current price.

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

Constellation Software Trading Down 3.0 %

CSU traded down C$150.86 during trading on Monday, hitting C$4,797.33. 36,395 shares of the company’s stock were exchanged, compared to its average volume of 31,835. The firm has a market cap of C$72.50 billion, a P/E ratio of 113.99, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The stock has a 50 day moving average price of C$4,681.03 and a 200 day moving average price of C$4,517.17. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. Constellation Software has a 1 year low of C$3,535.00 and a 1 year high of C$5,040.00.

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.