The stock of Constellation Software Inc. (TSE:CSU) hit a new 52-week high and has $1008.00 target or 60.00% above today’s $630.00 share price. The 8 months bullish chart indicates low risk for the $13.87B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $1008.00 price target is reached, the company will be worth $8.32 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,060 shares traded hands. Constellation Software Inc. (TSE:CSU) has risen 19.46% since March 28, 2016 and is uptrending. It has outperformed by 16.44% the S&P500.
Constellation Software Inc. (TSE:CSU) Ratings Coverage
Out of 3 analysts covering Constellation Software Inc. (TSE:CSU), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $700 is the highest target while $510 is the lowest. The $598.57 average target is -4.99% below today’s ($630) stock price. Constellation Software Inc. has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, January 4 report. RBC Capital Markets downgraded the shares of CSU in a report on Friday, October 16 to “” rating. National Bank Canada upgraded Constellation Software Inc. (TSE:CSU) on Friday, October 30 to “Sector Perform” rating. Scotia Capital maintained Constellation Software Inc. (TSE:CSU) rating on Friday, July 31. Scotia Capital has “Sector Outperform” rating and $550 price target. Scotia Capital maintained Constellation Software Inc. (TSE:CSU) on Thursday, October 27 with “Outperform” rating. Scotia Capital maintained the stock with “Outperform” rating in Monday, June 6 report. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, February 22 report.
More news for Constellation Software Inc. (TSE:CSU) were recently published by: Marketwired.com, which released: “Constellation Software Inc. (“Constellation” or the “Company”) Revised Cash …” on September 23, 2016. Marketwired.com‘s article titled: “Constellation Software Inc. Announces Results for the Second Quarter Ended …” and published on July 27, 2016 is yet another important article.
Constellation Software Inc. is a Canada company, which provides enterprise software solutions. The company has a market cap of $13.87 billion. The Firm acquires, manages and manufactures vertical market software businesses. It has a 48.08 P/E ratio. The Firm operates through two divisions: public sector and private sector.
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