RBC Capital Believes Constellation Software (TSX: CSU) Won’t Stop Here

By Austin Angelo

Today, an analyst has provided a rating update for the Technology company, Constellation Software (CSUResearch Report). RBC Capital’s analyst Paul Treiber reiterates their Buy rating on the shares, with a C$1.45 price target.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 13.5% and a 69.5% success rate. Treiber covers the Technology sector, focusing on stocks such as Enghouse Systems Limited, CGI Group, and Open Text.

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Currently, the analyst consensus on Constellation Software is a Moderate Buy with an average price target of C$1375, implying an 11.1% upside from current levels. In a report issued on July 25, CIBC also maintained a Buy rating on the stock with a C$1350 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 42.95K.

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 Tuesday at C$1237.69, close to its 52-week high of C$1320.31.