Barclays Sticks to Its Hold Rating for Constellation Softwr

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Technology company, Constellation Softwr (TSX: CSU). Analyst Phillip Huang from Barclays rated Constellation Softwr (TSX: CSU) a Hold on on July 27, setting a C$700 price target.

According to TipRanks.com, Huang is a 4-star analyst with an average return of 10.1% and a 77.3% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.

Currently, the analyst consensus on Constellation Softwr is Moderate Buy and the average price target is C$716.67, representing a 7.0% upside.

In a report issued on July 21, Scotiabank also maintained a Hold rating on the stock with a C$700 price target.

Constellation Softwr’s market cap is currently C$14.2B and has a P/E ratio of 47.1.

Constellation Software, Inc. operates as holding company that engages in the development of software solutions. It acquires, manages and builds vertical market software businesses that provide mission critical software solutions. It operates through following segments: Public Sector and Private Sector.

The company’s shares closed on Friday at C$669.99.