Saputo Inc. (SAP) Earns Sector Perform Rating from National Bank Financial
Saputo Inc. (TSE:SAP)‘s stock had its “sector perform” rating reaffirmed by investment analysts at National Bank Financial in a note issued to investors on Monday. They currently have a C$50.00 target price on the stock. National Bank Financial’s price objective indicates a potential upside of 7.71% from the stock’s previous close.
SAP has been the subject of several other reports. Royal Bank Of Canada raised Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective for the company in a research report on Wednesday, July 19th. TD Securities raised Saputo from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$48.00 to C$49.00 in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$47.00 price objective on shares of Saputo in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Saputo has a consensus rating of “Buy” and a consensus price target of C$50.00.
Shares of Saputo (TSE:SAP) opened at 46.42 on Monday. Saputo has a 1-year low of $39.74 and a 1-year high of $48.98. The stock has a market capitalization of $17.93 billion and a PE ratio of 24.30. The firm has a 50-day moving average price of $43.63 and a 200-day moving average price of $43.15.
In related news, insider Louise St-Jean sold 838 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.
Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
Receive News & Ratings for Saputo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.