Saputo Receives Sector Perform Rating from CIBC (SAP)
Saputo (TSE:SAP)‘s stock had its “sector perform” rating reaffirmed by analysts at CIBC in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. They currently have a C$50.00 price objective on the stock. CIBC’s price target suggests a potential downside of 2.91% from the company’s current price.
Shares of Saputo (TSE:SAP) traded up 4.08% during mid-day trading on Tuesday, hitting $51.50. 607,134 shares of the company’s stock traded hands. Saputo has a 52-week low of $42.59 and a 52-week high of $54.62. The stock’s 50-day moving average is $47.37 and its 200-day moving average is $49.31. The company has a market cap of $10.060 billion and a price-to-earnings ratio of 19.56.
A number of other firms have also recently commented on SAP. Analysts at TD Securities raised their price target on shares of Saputo from C$53.00 to C$55.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at National Bank Financial cut their price target on shares of Saputo from C$53.00 to C$52.00 in a research note to investors on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$52.29.
Saputo Inc produces, markets and distributes an array of dairy products in Canada, the United States, Argentina and Europe, as well as bakery products in Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.