Saputo (TSE:SAP - Get Free Report) had its price target cut by analysts at TD Securities from C$37.00 to C$35.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 42.39% from the stock's current price.
SAP has been the topic of a number of other research reports. National Bankshares decreased their target price on shares of Saputo from C$31.00 to C$28.00 in a report on Wednesday, January 15th. Royal Bank of Canada decreased their price target on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Jefferies Financial Group lowered their price objective on Saputo from C$36.00 to C$32.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. BMO Capital Markets reduced their target price on Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. Finally, Desjardins lowered their price target on Saputo from C$34.00 to C$31.00 and set a "buy" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Saputo has an average rating of "Moderate Buy" and an average target price of C$31.00.
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Saputo Price Performance
SAP stock traded down C$0.52 during mid-day trading on Friday, reaching C$24.58. 898,835 shares of the company traded hands, compared to its average volume of 801,796. The company has a fifty day moving average price of C$24.67 and a 200-day moving average price of C$26.11. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15. The company has a market capitalization of C$10.36 billion, a P/E ratio of -65.81, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67.
About Saputo
(
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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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