Saputo (TSE:SAP) Price Target Cut to C$29.00 by Analysts at Scotiabank

Saputo (TSE:SAP - Free Report) had its target price reduced by Scotiabank from C$30.00 to C$29.00 in a report released on Monday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on SAP. CIBC dropped their target price on Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. TD Securities decreased their price target on Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Friday, March 28th. National Bankshares set a C$28.00 price objective on Saputo and gave the company an "outperform" rating in a research report on Monday, April 7th. Finally, Desjardins reduced their price objective on Saputo from C$34.00 to C$31.00 and set a "buy" rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Saputo has an average rating of "Moderate Buy" and an average price target of C$30.88.

Saputo Trading Up 1.4%

Shares of SAP stock traded up C$0.39 during trading hours on Monday, reaching C$27.47. The company's stock had a trading volume of 764,525 shares, compared to its average volume of 710,467. The stock has a market capitalization of C$11.58 billion, a P/E ratio of -73.55, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a one year low of C$22.59 and a one year high of C$32.15. The firm's fifty day simple moving average is C$26.03 and its 200 day simple moving average is C$25.33. The company has a current ratio of 1.53, a quick ratio of 0.67 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.