Saputo (TSE:SAP) Price Target Raised to C$29.00 at National Bankshares

Saputo (TSE:SAP - Get Free Report) had its price target boosted by stock analysts at National Bankshares from C$28.00 to C$29.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 7.09% from the stock's previous close.

Other research analysts have also issued research reports about the company. Scotiabank dropped their target price on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Monday. Desjardins lowered their target price on shares of Saputo from C$34.00 to C$31.00 and set a "buy" rating for the company in a research note on Monday, February 10th. CIBC decreased their price objective on shares of Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Finally, TD Securities dropped their target price on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$30.88.

Saputo Trading Up 0.1%

TSE SAP traded up C$0.03 during trading hours on Monday, hitting C$27.08. 787,782 shares of the company were exchanged, compared to its average volume of 709,985. The stock has a market cap of C$11.42 billion, a PE ratio of -72.50, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 52 week low of C$22.59 and a 52 week high of C$32.15. The stock has a 50-day moving average price of C$25.98 and a 200 day moving average price of C$25.32. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.