Saputo Inc. (SAP) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Saputo Inc. (TSE:SAP) have earned a consensus rating of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$50.67.

Several equities research analysts have commented on SAP shares. TD Securities upgraded shares of Saputo from a “hold” rating to a “buy” rating and increased their price objective for the company from C$48.00 to C$49.00 in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a C$47.00 price objective on shares of Saputo in a research note on Friday, October 27th. National Bank Financial reiterated a “sector perform” rating and issued a C$50.00 price objective on shares of Saputo in a research note on Monday, October 30th. Desjardins lowered shares of Saputo from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Scotiabank decreased their price target on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd.

In other news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$44.00, for a total transaction of C$88,000.00.

Shares of Saputo (SAP) opened at C$44.12 on Monday. Saputo has a one year low of C$39.74 and a one year high of C$48.98.

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About Saputo

Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.

Analyst Recommendations for Saputo (TSE:SAP)

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