Saputo (TSE:SAP - Get Free Report) had its price objective increased by equities research analysts at Desjardins from C$31.00 to C$36.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 11.49% from the company's current price.
SAP has been the subject of several other research reports. National Bankshares boosted their price target on shares of Saputo from C$29.00 to C$35.00 and gave the company an "outperform" rating in a report on Monday. TD Securities boosted their price objective on shares of Saputo from C$35.00 to C$38.00 and gave the stock a "buy" rating in a research note on Monday. BMO Capital Markets boosted their price objective on shares of Saputo from C$27.00 to C$34.00 in a research note on Monday. Scotiabank reduced their price objective on shares of Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. Finally, Royal Bank Of Canada upped their price target on shares of Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Friday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Saputo currently has an average rating of "Moderate Buy" and an average price target of C$34.63.
Read Our Latest Analysis on SAP
Saputo Stock Up 0.9%
Shares of TSE:SAP traded up C$0.29 during trading hours on Monday, hitting C$32.29. The company's stock had a trading volume of 576,323 shares, compared to its average volume of 683,495. Saputo has a 52 week low of C$22.59 and a 52 week high of C$32.91. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The company has a market capitalization of C$13.61 billion, a price-to-earnings ratio of -86.45, a P/E/G ratio of 0.56 and a beta of 0.32. The firm's fifty day moving average price is C$27.77 and its 200 day moving average price is C$26.17.
About Saputo
(
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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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