Saputo (TSE:SAP) Price Target Raised to C$35.00 at National Bankshares

Saputo (TSE:SAP) had its target price boosted by research analysts at National Bankshares from C$29.00 to C$35.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 7.39% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank reduced their price objective on Saputo from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Monday, June 9th. TD Securities increased their price target on shares of Saputo from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets raised their price objective on shares of Saputo from C$27.00 to C$34.00 in a research report on Monday. Finally, Royal Bank Of Canada upped their target price on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.63.

Saputo Stock Up 1.6%

SAP opened at C$32.59 on Monday. Saputo has a one year low of C$22.59 and a one year high of C$32.91. The company has a debt-to-equity ratio of 51.68, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market capitalization of C$13.74 billion, a P/E ratio of -87.26, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The business’s 50-day simple moving average is C$27.99 and its 200-day simple moving average is C$26.28.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.