Saputo Inc. (SAP) Price Target Lowered to C$57.00 at Scotiabank
Saputo Inc. (TSE:SAP) had its price objective reduced by research analysts at Scotiabank from C$58.00 to C$57.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 26.98% from the company’s current price.
Several other research analysts also recently commented on SAP. Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$47.00 price objective on shares of Saputo in a report on Friday, October 27th. TD Securities raised their price objective 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. National Bank Financial reaffirmed a “sector perform” rating and issued a C$50.00 price objective on shares of Saputo in a report on Monday. Finally, Royal Bank Of Canada raised shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 price objective for the company in a report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$50.29.
Saputo (SAP) traded down C$1.55 on Friday, reaching C$44.89. 478,416 shares of the company traded hands.
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In other Saputo news, insider Louise St-Jean sold 838 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total value of C$36,360.82.
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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