Saputo Inc. (TSE:SAP – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$34.80 and traded as high as C$36.11. Saputo shares last traded at C$36.08, with a volume of 251,587 shares.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. TD Securities raised their target price on Saputo from C$44.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday, February 13th. CIBC increased their target price on shares of Saputo from C$39.00 to C$43.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Royal Bank of Canada boosted their price objective on Saputo from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Scotiabank boosted their price target on shares of Saputo from C$38.00 to C$39.00 in a research report on Monday, February 13th. Finally, National Bankshares raised their price objective on shares of Saputo from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$43.33.
Saputo Trading Down 0.0 %
The stock has a market capitalization of C$15.15 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The stock’s fifty day moving average price is C$34.85 and its two-hundred day moving average price is C$34.80. The company has a current ratio of 1.66, a quick ratio of 0.67 and a debt-to-equity ratio of 57.49.
Saputo Dividend Announcement
In related news, Director Terry Brockman sold 19,029 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of C$36.24, for a total value of C$689,548.16. Insiders own 42.03% of the company’s stock.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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