Saputo (OTCMKTS:SAPIF) had its price objective lowered by Royal Bank of Canada from C$47.00 to C$43.00 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the stock.
SAPIF has been the subject of a number of other research reports. CIBC reduced their target price on Saputo from C$42.00 to C$41.00 and set an outperform rating for the company in a report on Tuesday. TD Securities decreased their price target on shares of Saputo from C$44.00 to C$41.00 and set a buy rating for the company in a report on Tuesday. BMO Capital Markets upgraded shares of Saputo from a market perform rating to an outperform rating in a research note on Wednesday, June 9th. Desjardins cut their price target on shares of Saputo from C$45.00 to C$44.00 and set a buy rating for the company in a research note on Monday, June 7th. Finally, Scotiabank dropped their price objective on shares of Saputo from C$45.00 to C$42.00 and set an outperform rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $41.00.
SAPIF opened at $25.41 on Tuesday. Saputo has a 1-year low of $24.50 and a 1-year high of $35.00. The business has a 50 day moving average price of $27.99 and a two-hundred day moving average price of $30.00.
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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