Jefferies Financial Group Cuts Constellation Software (TSE:CSU) Price Target to C$4,500.00

Constellation Software (TSE:CSU) had its price objective dropped by analysts at Jefferies Financial Group from C$5,850.00 to C$4,500.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 36.75% from the company’s previous close.

A number of other brokerages also recently weighed in on CSU. CIBC increased their price target on shares of Constellation Software from C$5,450.00 to C$5,480.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. National Bankshares lowered shares of Constellation Software from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$5,500.00 to C$4,500.00 in a report on Friday, September 26th. National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Raymond James Financial lowered their price objective on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research report on Monday. Finally, TD Securities reduced their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$4,897.14.

Constellation Software Trading Down 2.8%

Shares of Constellation Software stock traded down C$95.05 during trading on Monday, reaching C$3,290.71. 91,577 shares of the company were exchanged, compared to its average volume of 41,947. The business has a 50-day moving average price of C$3,991.59 and a 200-day moving average price of C$4,545.04. The firm has a market capitalization of C$69.74 billion, a price-to-earnings ratio of 108.82, a P/E/G ratio of 2.95 and a beta of 0.58. 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 has a twelve month low of C$3,183.37 and a twelve month high of C$5,300.00.

Insider Buying and Selling at Constellation Software

In related news, insider Mark Robert Miller acquired 275 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were bought at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the purchase, the insider directly owned 11,753 shares in the company, valued at approximately C$43,428,980.42. This trade represents a 2.40% increase in their position. 5.69% of the stock is owned by company insiders.

Constellation Software Company Profile

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.