Saputo Inc. (SAP) Trading 5.1% Higher on Analyst Upgrade

Saputo Inc. (TSE:SAP) shares traded up 5.1% on Friday after TD Securities raised their price target on the stock from C$49.00 to C$52.00. TD Securities currently has a buy rating on the stock. Saputo traded as high as C$47.41 and last traded at C$47.19. 640,568 shares traded hands during trading, an increase of 31% from the average session volume of 487,814 shares. The stock had previously closed at C$44.91.

Several other research analysts also recently commented on the company. National Bank Financial cut their target price on Saputo from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 26th. Royal Bank Of Canada upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 target price for the company in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$49.57.



In other Saputo news, insider Louise St-Jean sold 838 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.

The firm’s 50 day moving average is $43.29 and its 200-day moving average is $43.17. The firm has a market cap of $18.34 billion and a PE ratio of 24.86.

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Saputo Company Profile

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).

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