CIBC Forecasts Strong Price Appreciation for Constellation Software (TSE:CSU) Stock

Constellation Software (TSE:CSU - Get Free Report) had its target price raised by equities researchers at CIBC from C$5,300.00 to C$5,450.00 in a research note issued on Monday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 16.01% from the company's previous close.

Several other equities analysts have also commented on CSU. Raymond James increased their target price on 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 Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. TD Securities raised their price objective on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Finally, UBS Group raised Constellation Software to a "strong-buy" rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5,283.33.

Constellation Software Stock Up 1.5 %

TSE:CSU traded up C$69.42 during trading hours on Monday, hitting C$4,698.01. The company's stock had a trading volume of 11,880 shares, compared to its average volume of 32,875. The stock has a market capitalization of C$71.00 billion, a P/E ratio of 111.63, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The stock has a fifty day moving average of C$4,703.03 and a 200-day moving average of C$4,527.80. 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 52-week low of C$3,535.00 and a 52-week high of C$5,040.00.

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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.