Saputo (TSE:SAP - Free Report) had its target price trimmed by Scotiabank from C$30.00 to C$29.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other equities analysts have also recently issued research reports about the stock. TD Securities decreased their price target on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday, March 28th. National Bankshares set a C$28.00 price target on shares of Saputo and gave the company an "outperform" rating in a research report on Monday, April 7th. Desjardins decreased their price objective on shares of 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. Finally, CIBC decreased their price objective on shares of Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Saputo presently has an average rating of "Moderate Buy" and a consensus price target of C$30.88.
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Saputo Price Performance
SAP stock traded up C$0.49 during mid-day trading on Monday, reaching C$27.05. The company's stock had a trading volume of 709,511 shares, compared to its average volume of 709,284. The stock has a market cap of C$11.40 billion, a PE ratio of -72.42, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.53, a quick ratio of 0.67 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$32.15. The company's 50 day moving average is C$25.98 and its two-hundred day moving average is C$25.32.
Saputo Company Profile
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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.
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