Constellation Software Inc. (CSU) Sets New 52-Week High Following Analyst Upgrade
Constellation Software Inc. (TSE:CSU) shares reached a new 52-week high during trading on Friday after Royal Bank Of Canada raised their price target on the stock from C$700.00 to C$850.00. Royal Bank Of Canada currently has an outperform rating on the stock. Constellation Software traded as high as C$753.18 and last traded at C$753.18, with a volume of 6,024 shares trading hands. The stock had previously closed at C$748.99.
A number of other research firms have also commented on CSU. National Bank Financial lifted their price objective on shares of Constellation Software from C$600.00 to C$675.00 and gave the company a “sector perform” rating in a research note on Friday, July 28th. Barclays PLC lifted their price objective on shares of Constellation Software from C$674.00 to C$700.00 in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of Constellation Software from C$615.00 to C$670.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Constellation Software has an average rating of “Hold” and an average price target of C$700.29.
The stock has a market cap of $15.99 billion and a price-to-earnings ratio of 71.21. The firm’s 50 day moving average is $697.93 and its 200 day moving average is $682.00.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Friday, September 15th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.53%.
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Constellation Software Company Profile
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.
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