Desjardins Cuts Saputo (OTCMKTS:SAPIF) Price Target to C$40.00

Saputo (OTCMKTS:SAPIF) had its price target lowered by Desjardins from C$43.00 to C$40.00 in a report published on Wednesday, The Fly reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on SAPIF. CIBC cut their target price on shares of Saputo from C$42.00 to C$41.00 and set an outperform rating for the company in a research report on Tuesday, September 21st. TD Securities cut their target price on shares of Saputo from C$44.00 to C$41.00 and set a buy rating for the company in a research report on Tuesday, September 21st. BMO Capital Markets upgraded shares of Saputo from a market perform rating to an outperform rating in a research report on Wednesday, June 9th. Royal Bank of Canada cut their target price on shares of Saputo from C$47.00 to C$43.00 and set an outperform rating for the company in a research report on Tuesday, September 21st. Finally, National Bank Financial cut their target price on shares of Saputo from C$41.00 to C$39.00 and set a sector perform rating for the company in a research report on Tuesday, September 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Saputo presently has an average rating of Buy and a consensus price target of $41.00.

Shares of OTCMKTS:SAPIF opened at $25.41 on Wednesday. Saputo has a twelve month low of $24.50 and a twelve month high of $35.00. The company has a 50-day moving average price of $27.99 and a two-hundred day moving average price of $30.01.

About Saputo

Saputo, Inc engages in the production, marketing, and distribution of a wide array of dairy products. Its products include cheese, fluid milk, extended shelf-life milk, and cream products, cultured products, and dairy ingredients. It operates through geographical sectors: Canada, USA, and International.

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