Barclays Sticks to Their Hold Rating for Constellation Software (CSU)


The Technology company, Constellation Software (CSU), has received a rating update from a Wall Street analyst on February 15. Barclays’ analyst Phillip Huang reiterates their Hold rating on the shares, with a C$1070 price target.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 10.2% and a 78.7% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.

Read also: Facebook (FB) Storms Into the Blockchain Space; Top Analyst Weighs in on the Stock

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Software with a C$1154 average price target.

Based on Constellation Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$236 million. In comparison, last year the company had a net profit of C$96.77 million.

Constellation Software, Inc. is a holding company, which acquires, manages, and builds vertical market software businesses. It operates through the Public Sector and Private Sector segments. 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$1095.31, close to its 52-week high of C$1136.17.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts