A report released today by Scotia Capital about Saputo (TSE:SAP) ups the target price to $52.00
- Updated: September 22, 2016
Yesterday Saputo (TSE:SAP) traded 1.88% higher at $46.69. SAP’s 50-day average is $43.38 and its two hundred day average is $40.64. With the last stock price close up 14.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 183,011 shares of the stock traded hands, down from an average trading volume of 382,032
Scotia Capital upped the price target of Saputo (TSE:SAP) to $52.00 stating a potential upside of 0.11%.
Previously on Thursday September 15, 2016, RBC Capital Markets released a statement about Saputo (TSE:SAP) increased the target price from $45.00 to $47.00 that indicated a possible upside of 0.05%.
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Saputo has a 52 week low of $28.70 and a 52 week high of $46.69 with a P/E ratio of 28.96 Saputo’s market capitalization is currently $0.
In addition to Scotia Capital reporting its target price, a total of 9 brokers have released a report on Saputo. The 12-month price target is $32.12 with 0 analysts rating the company a strong buy, 2 firms rating the stock a buy, seven brokers rating the stock a hold, 0 analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Saputo (TSE:SAP)
Saputo Inc. produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA). The International Sector combines the Dairy Division (Argentina), the Dairy Ingredients Division and the Dairy Division (Australia). The Dairy Ingredients Division includes national and export ingredients sales from the North American divisions, as well as cheese exports from these same divisions. The Company's products are sold under brand names, such as Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel, Dairyland, DairyStar, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait's Go, Neilson, Nutrilait, Scotsburn, Stella, Sungold, Treasure Cave and Woolwich Dairy.
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