Saputo Inc. (SAP) Price Target Raised to C$45.00
Saputo Inc. (TSE:SAP) had its target price increased by analysts at National Bank Financial from C$42.00 to C$45.00 in a report issued on Tuesday. National Bank Financial’s target price would indicate a potential downside of 3.85% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on SAP. Scotiabank boosted their price target on Saputo from C$44.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, September 22nd. Desjardins restated a “hold” rating and set a C$46.00 price objective on shares of Saputo in a research report on Thursday, September 29th. Royal Bank Of Canada boosted their price objective on Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Thursday, September 15th. TD Securities restated a “hold” rating and set a C$42.00 price objective on shares of Saputo in a research report on Friday, July 29th. Finally, RBC Capital Markets boosted their price objective on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$46.43.
Saputo (TSE:SAP) traded up 1.75% on Tuesday, reaching $47.62. The company’s stock had a trading volume of 239,818 shares. Saputo has a 52-week low of $30.30 and a 52-week high of $47.66. The firm has a market capitalization of $18.71 billion and a P/E ratio of 29.58. The firm has a 50-day moving average price of $44.94 and a 200 day moving average price of $41.32.
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Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.
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