Saputo (SAP) PT Lowered to C$48.00
Saputo (TSE:SAP) had its price target lowered by equities research analysts at Royal Bank of Canada from C$49.00 to C$48.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 23.74% from the company’s previous close.
A number of other research firms also recently commented on SAP. National Bank Financial cut their price objective on shares of Saputo from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, August 8th. Desjardins upgraded shares of Saputo from a “hold” rating to a “buy” rating and set a C$45.00 price objective for the company in a report on Wednesday, September 12th. Finally, CIBC cut their price objective on shares of Saputo from C$50.00 to C$47.00 in a report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$46.43.
SAP stock opened at C$38.79 on Monday. Saputo has a 12 month low of C$37.74 and a 12 month high of C$47.59.
In other news, insider Carl Colizza purchased 1,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of C$40.92 per share, for a total transaction of C$40,920.00.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.
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