Saputo Inc. (TSE:SAP) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$48.86.

Several brokerages have recently issued reports on SAP. Scotiabank reiterated an “outperform” rating and issued a C$44.00 price target on shares of Saputo in a research note on Thursday, August 4th. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and lifted their price target for the company from C$42.00 to C$45.00 in a research note on Wednesday, August 3rd. Desjardins reiterated a “hold” rating and issued a C$42.00 price target on shares of Saputo in a research note on Wednesday, August 3rd. Royal Bank Of Canada lifted their price target on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. Finally, CIBC lifted their price target on Saputo from C$45.00 to C$54.00 in a research note on Friday, November 4th.

Shares of Saputo (TSE:SAP) opened at 45.27 on Tuesday. The firm has a 50 day moving average price of $46.59 and a 200 day moving average price of $42.28. The company has a market capitalization of $17.76 billion and a P/E ratio of 26.47. Saputo has a one year low of $30.60 and a one year high of $48.69.

About Saputo

Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.

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