TD Securities Analysts Give Saputo (SAP) a C$52.00 Price Target

Saputo (TSE:SAP) received a C$52.00 target price from equities research analysts at TD Securities in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 15.84% from the company’s previous close.

Several other research analysts have also issued reports on SAP. Desjardins upgraded shares of Saputo from a “hold” rating to a “buy” rating in a research report on Thursday, December 28th. National Bank Financial cut their target price on shares of Saputo from C$50.00 to C$49.00 and set a “sector perform” rating for the company in a research report on Sunday, November 5th. Scotiabank cut their target price on shares of Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$47.00 target price on shares of Saputo in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$50.14.

Shares of Saputo (TSE:SAP) traded down C$0.29 during trading hours on Wednesday, reaching C$44.89. 205,971 shares of the company traded hands, compared to its average volume of 236,188. Saputo has a one year low of C$39.74 and a one year high of C$48.98. The stock has a market capitalization of $17,260.00, a price-to-earnings ratio of 23.75 and a beta of 0.02.

In other Saputo news, Director Paul Corney sold 2,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$44.00, for a total transaction of C$88,000.00.

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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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