Royal Bank Of Canada Boosts Constellation Software (TSE:CSU) Price Target to C$6,000.00

Key Points

• The price target for Constellation Software has been raised by Royal Bank of Canada from C$5,700.00 to C$6,000.00, indicating a potential upside of 23.35% from its previous close.
• Shares of Constellation Software recently increased by 5.7%, reaching a value of C$4,864.40 with a market capitalization of C$73.51 billion.
• The company enjoys a consensus rating of "Buy" from analysts, with six analysts endorsing buy ratings and one maintaining a hold rating.

Constellation Software (TSE:CSU - Free Report) had its price target increased by Royal Bank Of Canada from C$5,700.00 to C$6,000.00 in a report published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on the stock. TD Securities boosted their price target on shares of Constellation Software from C$5,600.00 to C$5,700.00 and gave the stock a "buy" rating in a research report on Monday. BMO Capital Markets reduced their price target on Constellation Software from C$5,700.00 to C$5,400.00 in a research report on Monday. Finally, Jefferies Financial Group boosted their price target on Constellation Software from C$5,350.00 to C$5,850.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$5,521.43.

Constellation Software Stock Up 2.3%

CSU traded up C$96.70 during trading hours on Monday, hitting C$4,353.38. 81,732 shares of the company's stock were exchanged, compared to its average volume of 34,805. Constellation Software has a 1-year low of C$4,092.69 and a 1-year high of C$5,300.00. The stock's 50-day moving average is C$4,850.51 and its two-hundred day moving average is C$4,826.18. The stock has a market cap of C$65.79 billion, a price-to-earnings ratio of 103.44, a PEG 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, June 20th. Constellation Software's dividend payout ratio is 13.02%.

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.