The Saputo Inc. (TSE:SAP) Receives C$46.00 Average PT from Analysts

The Saputo Inc. (TSE:SAP) Receives C$46.00 Average PT from Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$46.00.

Several research firms recently weighed in on SAP. Royal Bank Of Canada lifted their target price on shares of Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, September 15th. Scotiabank lifted their target price on shares of Saputo from C$44.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, September 22nd. Desjardins reiterated a “hold” rating and issued a C$46.00 target price on shares of Saputo in a report on Thursday, September 29th. RBC Capital Markets lifted their target price on shares of Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd. Finally, TD Securities reiterated a “hold” rating and issued a C$42.00 target price on shares of Saputo in a report on Friday, July 29th.

Saputo (TSE:SAP) opened at 45.55 on Tuesday. The stock’s 50 day moving average price is $44.41 and its 200-day moving average price is $41.12. Saputo has a 12 month low of $30.30 and a 12 month high of $46.69. The firm has a market capitalization of $17.89 billion and a P/E ratio of 28.29.

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