Royal Bank Of Canada Cuts Constellation Software (TSE:CSU) Price Target to C$5,600.00

Constellation Software (TSE:CSU) had its price objective dropped by Royal Bank Of Canada from C$6,000.00 to C$5,600.00 in a research report issued on Monday,BayStreet.CA reports. Royal Bank Of Canada’s target price suggests a potential upside of 70.18% from the company’s previous close.

A number of other brokerages also recently commented on CSU. CIBC raised their price objective on shares of Constellation Software from C$5,450.00 to C$5,480.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. TD Securities set a C$5,700.00 price objective on Constellation Software and gave the stock a “buy” rating in a report on Thursday, September 25th. BMO Capital Markets cut their price objective on Constellation Software from C$5,700.00 to C$5,400.00 in a research report on Monday, August 11th. Desjardins upgraded shares of Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, National Bank Financial downgraded shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and a consensus target price of C$4,897.14.

Constellation Software Stock Down 2.8%

Constellation Software stock traded down C$95.05 during mid-day trading on Monday, hitting C$3,290.71. The company had a trading volume of 91,577 shares, compared to its average volume of 41,947. 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 1 year low of C$3,183.37 and a 1 year high of C$5,300.00. The business has a fifty day moving average of C$3,991.59 and a 200 day moving average of C$4,545.04. The stock has a market cap of C$69.74 billion, a price-to-earnings ratio of 108.82, a PEG ratio of 2.95 and a beta of 0.58.

Insider Buying and Selling

In other Constellation Software news, insider Mark Robert Miller acquired 275 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the completion of the purchase, the insider directly owned 11,753 shares in the company, valued at C$43,428,980.42. The trade was a 2.40% increase in their ownership of the stock. 5.69% of the stock is currently owned by corporate insiders.

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.