Saputo Inc. (OTCMKTS:SAPIF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Saputo Inc. (OTCMKTS:SAPIF) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

SAPIF has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Saputo to a “hold” rating in a report on Friday, July 24th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Saputo in a research report on Monday, June 8th.

Saputo Stock Performance

Shares of OTCMKTS:SAPIF opened at $29.11 on Friday. Saputo has a 52-week low of $23.67 and a 52-week high of $32.49. The stock’s fifty day simple moving average is $29.30 and its 200-day simple moving average is $30.02.

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.