Saputo (SAP) PT Lowered to C$46.00
Saputo (TSE:SAP) had its price target lowered by equities researchers at National Bank Financial from C$49.00 to C$46.00 in a research note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 11.41% from the stock’s previous close.
Several other research firms also recently commented on SAP. Desjardins downgraded shares of Saputo from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$47.00 price target on shares of Saputo in a research note on Friday, October 27th. TD Securities raised their price target on shares of Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Scotiabank reduced their price target on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Saputo from C$49.00 to C$48.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Saputo presently has an average rating of “Buy” and an average target price of C$49.00.
Saputo (SAP) opened at C$41.29 on Friday. The company has a market cap of $16,010.00, a PE ratio of 18.27 and a beta of -0.03. Saputo has a 12 month low of C$39.74 and a 12 month high of C$47.59.
In other Saputo news, Director Paul Corney sold 2,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$44.00, for a total transaction of C$88,000.00.
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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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