Saputo Inc. (SAP) Given Average Rating of “Buy” by Analysts
Shares of Saputo Inc. (TSE:SAP) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$50.67.
Several equities research analysts recently commented on SAP shares. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating in a research report on Thursday, December 28th. Scotiabank dropped their price target on Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. National Bank Financial dropped their price target on Saputo from C$50.00 to C$49.00 and set a “sector perform” rating on the stock in a research note on Sunday, November 5th. TD Securities upped their price target on Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$47.00 price target on shares of Saputo in a research note on Friday, October 27th.
Shares of Saputo (TSE SAP) opened at C$42.79 on Tuesday. Saputo has a 52-week low of C$39.74 and a 52-week high of C$48.98. The company has a market capitalization of $16,530.00, a PE ratio of 22.64 and a beta of 0.02.
In related news, Director Paul Corney sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$44.00, for a total transaction of C$88,000.00.
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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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