Royal Bank Of Canada Increases Saputo Inc. (SAP) Price Target to C$47.00
Saputo Inc. (TSE:SAP) had its target price upped by equities researchers at Royal Bank Of Canada from C$45.00 to C$47.00 in a report issued on Thursday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 5.55% from the stock’s previous close.
Several other equities analysts also recently commented on SAP. National Bank Financial boosted their target price on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 3rd. CIBC boosted their target price on shares of Saputo from C$40.00 to C$44.00 in a report on Friday, June 3rd. Desjardins boosted their target price on shares of Saputo from C$38.00 to C$40.00 and gave the stock a “hold” rating in a report on Friday, June 3rd. Scotiabank reissued an “outperform” rating and issued a C$40.00 target price on shares of Saputo in a report on Tuesday, May 31st. Finally, RBC Capital Markets boosted their target price on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$44.29.
Shares of Saputo (TSE:SAP) opened at 44.53 on Thursday. Saputo has a one year low of $28.70 and a one year high of $45.08. The company has a market cap of $17.49 billion and a price-to-earnings ratio of 27.66. The firm has a 50-day moving average of $43.00 and a 200-day moving average of $40.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.15 per share. This is a boost from Saputo’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.35%.
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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