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.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://transcriptdaily.com/2017/11/27/saputo-inc-sap-receives-consensus-recommendation-of-buy-from-brokerages.html.
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.
Receive News & Ratings for Saputo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.