Saputo (OTCMKTS:SAPIF) had its price target dropped by Desjardins from C$43.00 to C$40.00 in a report released on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock.
Several other equities analysts have also recently issued reports on the company. CIBC lowered their price objective on Saputo from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Tuesday. Royal Bank of Canada lowered their price objective on Saputo from C$47.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets raised Saputo from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 9th. TD Securities lowered their price target on Saputo from C$44.00 to C$41.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, National Bank Financial lowered their price target on Saputo from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $41.00.
SAPIF stock traded down $0.62 during midday trading on Wednesday, hitting $25.28. The company’s stock had a trading volume of 5,289 shares, compared to its average volume of 2,705. Saputo has a 12 month low of $24.50 and a 12 month high of $35.00. The firm’s 50-day moving average is $28.18 and its 200-day moving average is $30.09.
Saputo, Inc engages in the production, marketing, and distribution of a wide array of dairy products. Its products include cheese, fluid milk, extended shelf-life milk, and cream products, cultured products, and dairy ingredients. It operates through geographical sectors: Canada, USA, and International.
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