Saputo Inc. (OTCMKTS:SAPIF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Saputo Inc. (OTCMKTS:SAPIF) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company.

Separately, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Saputo in a research note on Monday, June 8th.

Saputo Trading Up 0.3%

Shares of SAPIF stock opened at $29.16 on Friday. The firm’s 50-day simple moving average is $29.73 and its 200-day simple moving average is $30.20. Saputo has a 1-year low of $19.90 and a 1-year high of $32.49.

About Saputo

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada?based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private?label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.