Royal Bank Of Canada Increases Constellation Software Inc. (CSU) Price Target to C$750.00
Constellation Software Inc. (TSE:CSU) had its target price raised by Royal Bank Of Canada from C$725.00 to C$750.00 in a report published on Friday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other equities research analysts have also recently weighed in on CSU. Raymond James Financial, Inc. upped their price objective on Constellation Software from C$615.00 to C$670.00 and gave the stock a market perform rating in a research note on Friday. Barclays PLC upped their price objective on Constellation Software from C$674.00 to C$700.00 in a research note on Friday. Scotiabank restated a sector perform rating and set a C$650.00 price objective on shares of Constellation Software in a research note on Friday, April 21st. BMO Capital Markets restated a market perform rating and set a C$657.00 price objective on shares of Constellation Software in a research note on Monday, May 1st. Finally, CIBC upped their price objective on Constellation Software from C$620.00 to C$650.00 in a research note on Monday, May 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Constellation Software presently has an average rating of Hold and a consensus target price of C$686.00.
Constellation Software (CSU) opened at 671.65 on Friday. Constellation Software has a one year low of $500.35 and a one year high of $724.50. The company has a market capitalization of $14.23 billion and a P/E ratio of 63.36. The stock’s 50 day moving average price is $679.67 and its 200 day moving average price is $650.28.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Friday, September 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 14th.
In related news, Director Ian Murray Mckinnon sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of C$698.00, for a total transaction of C$698,000.00. Also, insider Jamal Nizam Baksh sold 1,050 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of C$665.59, for a total value of C$698,869.50.
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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