Saputo Price Target Increased to C$56.00 by Analysts at BMO Capital Markets (SAP)
Equities research analysts at BMO Capital Markets boosted their price objective on shares of Saputo (TSE:SAP) from C$54.00 to C$56.00 in a research note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 8.30% from the stock’s previous close.
Saputo (TSE:SAP) traded up 0.52% on Wednesday, hitting $51.98. 166,693 shares of the company’s stock traded hands. Saputo has a 52-week low of $46.01 and a 52-week high of $54.62. The stock’s 50-day moving average is $50.29 and its 200-day moving average is $49.12. The company has a market cap of $10.093 billion and a P/E ratio of 20.28.
A number of other analysts have also recently weighed in 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 Friday, January 17th. They now have a “hold” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Saputo from C$50.00 to C$53.00 in a research note to investors on Friday, January 17th. They now have a “sector perform” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Saputo in a research note to investors on Monday, December 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Saputo has a consensus rating of “Buy” and an average target price of C$54.67.
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.