Saputo (TSE:SAP) Price Target Cut to C$29.00 by Analysts at Scotiabank

Saputo (TSE:SAP) had its price target reduced by equities researchers at Scotiabank from C$30.00 to C$29.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 7.21% from the company’s current price.

SAP has been the topic of a number of other reports. CIBC lowered their price target on Saputo from C$32.00 to C$29.00 in a report on Monday, February 10th. Desjardins lowered their target price 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. TD Securities lowered their target price on Saputo from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, National Bankshares set a C$28.00 target price on Saputo and gave the company an “outperform” rating in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$30.88.

Saputo Trading Up 1.8%

Shares of TSE:SAP opened at C$27.05 on Monday. The company has a market cap of C$11.40 billion, a P/E ratio of -72.42, a PEG 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. Saputo has a 1 year low of C$22.59 and a 1 year high of C$32.15. The stock’s fifty day moving average price is C$25.98 and its 200-day moving average price is C$25.32.

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.