National Bankshares Boosts Saputo (TSE:SAP) Price Target to C$38.00

Saputo (TSE:SAP) had its price target upped by investment analysts at National Bankshares from C$36.00 to C$38.00 in a note issued to investors on Monday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 3.85% from the company’s current price.

A number of other research firms also recently issued reports on SAP. Desjardins boosted their price objective on shares of Saputo from C$31.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, August 11th. Scotiabank boosted their price target on Saputo from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price target on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. CIBC lifted their price objective on Saputo from C$36.00 to C$40.00 in a report on Monday. Finally, BMO Capital Markets increased their target price on Saputo from C$34.00 to C$37.00 in a report on Monday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$38.63.

Saputo Stock Performance

Shares of Saputo stock traded up C$1.23 during trading on Monday, reaching C$36.59. The company’s stock had a trading volume of 766,272 shares, compared to its average volume of 701,462. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The business’s 50-day moving average price is C$33.89 and its 200-day moving average price is C$30.23. Saputo has a 52 week low of C$22.59 and a 52 week high of C$37.18. The firm has a market cap of C$15.08 billion, a PE ratio of -107.62, a P/E/G ratio of 0.56 and a beta of 0.07.

Insider Buying and Selling

In other Saputo news, insider Leanne Cutts bought 4,000 shares of the stock in a transaction on Friday, August 15th. The stock was purchased at an average price of C$32.93 per share, with a total value of C$131,720.00. Following the completion of the purchase, the insider owned 23,500 shares in the company, valued at C$773,855. The trade was a 20.51% increase in their ownership of the stock. Insiders own 40.45% of the company’s stock.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.