Saputo (TSE:SAP) Price Target Raised to C$34.00

Key Points

• BMO Capital Markets has raised its price target for Saputo from C$27.00 to C$34.00, indicating a potential upside of 5.30% from the current price.
• Other analysts have mixed views, with Scotiabank reducing its target to C$29.00, while Royal Bank of Canada raised theirs to C$37.00.
• Saputo's stock is currently trading at C$32.29 with a market capitalization of C$13.61 billion, reflecting its ongoing performance in the dairy processing sector.

Saputo (TSE:SAP - Get Free Report) had its price target hoisted by equities researchers at BMO Capital Markets from C$27.00 to C$34.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets' target price would indicate a potential upside of 5.30% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. Scotiabank cut their target price on Saputo from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. National Bankshares upped their price objective on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Royal Bank Of Canada increased their price target on Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$34.63.

Saputo Trading Up 0.9%

Saputo stock traded up C$0.29 during mid-day trading on Monday, hitting C$32.29. 576,323 shares of the company's stock were exchanged, compared to its average volume of 683,495. The firm has a market capitalization of C$13.61 billion, a P/E ratio of -86.45, a PEG ratio of 0.56 and a beta of 0.32. The company's 50 day simple moving average is C$27.77 and its 200-day simple moving average is C$26.17. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.91.

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.

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