Saputo (TSE:SAP) Price Target Raised to C$29.00

Saputo (TSE:SAP) had its price objective hoisted by National Bankshares from C$28.00 to C$29.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 7.21% from the company’s current price.

A number of other research firms have also recently weighed in on SAP. TD Securities cut their price objective on shares of Saputo from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Friday, March 28th. CIBC dropped their price target on Saputo from C$32.00 to C$29.00 in a research report on Monday, February 10th. Scotiabank dropped their price objective on shares of Saputo from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Desjardins dropped their price objective on shares of Saputo from C$34.00 to C$31.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Saputo has an average rating of “Moderate Buy” and an average price target of C$30.88.

Saputo Stock Up 1.8%

Shares of TSE:SAP opened at C$27.05 on Monday. The firm’s 50 day moving average price is C$25.98 and its 200 day moving average price is C$25.32. The stock has a market cap of C$11.40 billion, a price-to-earnings ratio of -72.42, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a fifty-two week low of C$22.59 and a fifty-two week high of C$32.15. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

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.