CIBC Believes Constellation Software (TSX: CSU) Still Has Room to Grow

By Jason Carr

On August 9, an analyst has provided a rating update for Constellation Software (CSUResearch Report). Analyst Stephanie Price from CIBC reiterated a Buy rating, with a C$1350 price target on August 9.

According to TipRanks.com, Price is a 4-star analyst with an average return of 9.5% and a 69.0% success rate. Price covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, Maxar Technologies Ltd, and CGI Group.

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Constellation Software has an analyst consensus of Strong Buy, with a price target consensus of C$1350, a 6.7% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Buy rating on the stock with a C$1450 price target.

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The company has a one-year high of C$1320.31 and a one-year low of C$814.32. Currently, Constellation Software has an average volume of 43.38K.

Constellation Software, Inc. is a holding company, which acquires, manages, and builds vertical market software businesses. It operates through two segments: Public and Private Sector. The Public Sector segment focuses on government and government-related customers. The Private Sector segment includes business units focused on commercial customers.

The company’s shares closed on Friday at C$1264.99, close to its 52-week high of C$1320.31.