Trade Report: Today, Scotiabank Increases Saputo Inc. (SAP) Price Target to C$54.00

Today, Scotiabank Increases Saputo Inc. (SAP) Price Target to C$54.00

Saputo Inc. (TSE:SAP) had its price objective upped by equities researchers at Scotiabank from C$52.00 to C$54.00 in a note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 16.98% from the stock’s previous close.

SAP has been the topic of a number of other reports. TD Securities restated a “hold” rating and issued a C$42.00 price target on shares of Saputo in a report on Friday, July 29th. CIBC upped their price objective on shares of Saputo from C$44.00 to C$45.00 in a research note on Wednesday, August 3rd. Desjardins reaffirmed a “hold” rating and issued a C$42.00 price objective on shares of Saputo in a research note on Wednesday, August 3rd. National Bank Financial upped their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 3rd. Finally, RBC Capital Markets upped their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$48.86.

Saputo (TSE:SAP) traded down 0.13% during mid-day trading on Monday, reaching $46.16. 448,573 shares of the company’s stock were exchanged. The firm has a market capitalization of $18107.59 billion and a P/E ratio of 26.99. Saputo has a one year low of $30.60 and a one year high of $48.69. The company’s 50-day moving average is $46.71 and its 200 day moving average is $42.69.

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