Saputo Inc. (SAP) Receives Consensus Recommendation of “Buy” from Analysts
Saputo Inc. (TSE:SAP) has earned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$50.50.
A number of research analysts recently weighed in on SAP shares. Royal Bank Of Canada raised Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective on the stock in a report on Wednesday, July 19th. National Bank Financial decreased their target price on Saputo from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 26th. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$48.00 to C$49.00 in a research report on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and set a C$47.00 target price on shares of Saputo in a research report on Friday, October 27th. Finally, Desjardins downgraded Saputo from a “buy” rating to a “hold” rating in a research report on Monday.
In other news, insider Louise St-Jean sold 838 shares of the company’s stock in a transaction on 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).
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