Saputo Inc. (SAP) PT Raised to C$45.00
Saputo Inc. (TSE:SAP) had its price target hoisted by stock 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 company’s previous close.
A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, September 15th. Scotiabank upped their price objective on shares of Saputo from C$44.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, September 22nd. TD Securities upgraded shares of Saputo from a “hold” rating to a “buy” rating and upped their price objective for the company from C$42.00 to C$45.00 in a research note on Wednesday, August 3rd. CIBC upped their price objective on shares of Saputo from C$44.00 to C$45.00 in a research note on Wednesday, August 3rd. Finally, Desjardins reiterated a “hold” rating and issued a C$46.00 price objective on shares of Saputo in a research note on Thursday, September 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Saputo has an average rating of “Hold” and a consensus target price of C$46.43.
Shares of Saputo (TSE:SAP) traded up 0.51% during trading on Tuesday, reaching $47.04. 187,910 shares of the company’s stock were exchanged. The company has a 50 day moving average of $44.94 and a 200 day moving average of $41.32. Saputo has a 52-week low of $30.30 and a 52-week high of $47.41. The firm has a market capitalization of $18.48 billion and a P/E ratio of 29.22.
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Saputo Company Profile
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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