Constellation Software (TSE:CSU) PT Set at C$5.70 by Royal Bank of Canada

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

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

Constellation Software Trading Down 0.6 %

Constellation Software stock opened at C$4,626.66 on Friday. The stock has a 50-day simple moving average of C$4,744.42 and a 200 day simple moving average of C$4,540.50. The stock has a market capitalization of C$69.92 billion, a P/E ratio of 109.93, a PEG ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. Constellation Software has a 52 week low of C$3,535.00 and a 52 week high of C$5,040.00.

Constellation Software Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 0.09%. The ex-dividend date of this dividend is Friday, March 28th. 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.