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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.

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