Constellation Software (TSE:CSU) Given New C$856.00 Price Target at CIBC

Constellation Software (TSE:CSU) had its price target upped by stock analysts at CIBC from C$800.00 to C$856.00 in a note issued to investors on Friday, February 16th. CIBC’s price target indicates a potential downside of 4.67% from the stock’s current price.

A number of other brokerages have also recently weighed in on CSU. Scotiabank boosted their price objective on Constellation Software from C$860.00 to C$880.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Raymond James Financial upped their price target on Constellation Software from C$670.00 to C$710.00 and gave the stock a “market perform” rating in a research note on Monday, October 30th. BMO Capital Markets set a C$840.00 price target on Constellation Software and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. National Bank Financial increased their price objective on Constellation Software from C$715.00 to C$800.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada upped their target price on Constellation Software from C$850.00 to C$900.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$872.29.

Shares of Constellation Software (CSU) traded up C$12.91 during trading on Friday, hitting C$897.90. The stock had a trading volume of 35,871 shares, compared to its average volume of 45,485. The firm has a market capitalization of $18,720.00, a P/E ratio of 66.91 and a beta of 0.48. Constellation Software has a 1-year low of C$610.54 and a 1-year high of C$899.55.

In related news, insider Jamal Nizam Baksh sold 475 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of C$840.00, for a total transaction of C$399,000.00. Also, Director Lawrence Cunningham acquired 100 shares of the stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of C$652.00 per share, with a total value of C$65,200.00.

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About Constellation Software

Constellation Software Inc is engaged in the development, installation and customization of software. The Company acquires, manages and builds vertical market software (VMS) businesses. The Company’s segments include public sector and private sector. The public sector segment develops and distributes software solutions primarily to government and government-related customers.

Analyst Recommendations for Constellation Software (TSE:CSU)

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