Royal Bank of Canada Reiterates “C$5.70” Price Target for Constellation Software (TSE:CSU)

Royal Bank of Canada set a C$5.70 price target on Constellation Software (TSE:CSU) in a research note released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. BMO Capital Markets boosted their price objective on Constellation Software from C$4,900.00 to C$5,500.00 in a report on Monday, March 10th. Raymond James increased their target price on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. Finally, CIBC boosted their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$4,334.28.

Constellation Software Trading Down 0.6 %

CSU stock opened at C$4,626.66 on Friday. The firm’s fifty day simple moving average is C$4,744.42 and its two-hundred day simple moving average is C$4,543.48. The stock has a market capitalization of C$69.92 billion, a price-to-earnings ratio of 109.93, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. Constellation Software has a twelve month low of C$3,535.00 and a twelve month high of C$5,040.00.

Constellation Software Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, March 28th. Constellation Software’s payout ratio is 13.02%.

Constellation Software Company Profile

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.