Saputo Inc. (OTCMKTS:SAPIF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Saputo Inc. (OTCMKTS:SAPIF) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Saputo in a research report on Monday, February 2nd. TD Securities restated a “buy” rating on shares of Saputo in a research note on Monday, February 9th. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a research report on Monday, February 9th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Saputo in a research note on Monday, February 9th.

Saputo Price Performance

Shares of OTCMKTS SAPIF opened at $31.64 on Wednesday. The firm’s 50-day moving average price is $30.89 and its two-hundred day moving average price is $28.06. Saputo has a 52-week low of $16.90 and a 52-week high of $32.24.

About Saputo

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.