Saputo (TSE:SAP) Price Target Lowered to C$28.00 at National Bankshares

Saputo (TSE:SAP) had its price target decreased by investment analysts at National Bankshares from C$31.00 to C$28.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 21.21% from the company’s previous close.

SAP has been the topic of a number of other reports. TD Securities dropped their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Desjardins set a C$34.00 price objective on Saputo in a research report on Monday, November 11th. Royal Bank of Canada lowered their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group decreased their price target on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, 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 report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$32.94.

Saputo Price Performance

Shares of SAP traded up C$0.04 during midday trading on Wednesday, hitting C$23.10. 477,646 shares of the company traded hands, compared to its average volume of 705,491. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. Saputo has a 52 week low of C$22.65 and a 52 week high of C$32.15. The stock has a market cap of C$9.80 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 0.56 and a beta of 0.32. The firm has a 50 day moving average of C$25.70 and a 200-day moving average of C$28.38.

Insiders Place Their Bets

In related news, Senior Officer Leanne Cutts bought 4,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Corporate insiders own 40.45% of the company’s stock.

About Saputo

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.