TD Securities Boosts Saputo Inc. (SAP) Price Target to C$52.00

Saputo Inc. (TSE:SAP) had its price objective lifted by TD Securities from C$49.00 to C$52.00 in a research note issued to investors on Friday. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on SAP. National Bank Financial cut their price objective on shares of Saputo from C$48.00 to C$47.00 and set a sector perform rating for the company in a report on Wednesday, July 26th. Royal Bank Of Canada raised shares of Saputo from a sector perform rating to an outperform rating and set a C$48.00 price objective for the company in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Saputo has an average rating of Buy and a consensus target price of C$50.00.

Shares of Saputo (TSE SAP) opened at 46.42 on Friday. Saputo has a 12 month low of $39.74 and a 12 month high of $48.98. The firm’s 50-day moving average is $43.63 and its 200 day moving average is $43.15. The company has a market capitalization of $17.93 billion and a price-to-earnings ratio of 24.30.

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In other Saputo news, insider Louise St-Jean sold 838 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$43.39, for a total transaction of C$36,360.82.

About Saputo

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Analyst Recommendations for Saputo (TSE:SAP)

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