Louise St-Jean Sells 400 Shares of Saputo Inc. (SAP) Stock
Saputo Inc. (TSE:SAP) insider Louise St-Jean sold 400 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of C$43.89, for a total transaction of C$17,556.00.
Shares of Saputo Inc. (TSE:SAP) traded up C$0.04 during trading hours on Thursday, hitting C$44.18. 68,326 shares of the stock traded hands, compared to its average volume of 521,408. Saputo Inc. has a 52 week low of C$39.74 and a 52 week high of C$48.98.
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Several brokerages have recently issued reports on SAP. Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a report on Monday, October 30th. National Bank Financial reiterated a “sector perform” rating and set a C$50.00 price target on shares of Saputo in a report on Monday, October 30th. BMO Capital Markets reiterated a “market perform” rating and set a C$47.00 price target on shares of Saputo in a report on Friday, October 27th. TD Securities upped their price target on shares of Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Scotiabank lowered their price target on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$50.14.
Saputo Company Profile
Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.
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