Saputo (OTCMKTS:SAPIF) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Saputo Inc. (OTCMKTS:SAPIF) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.41 and traded as high as $29.95. Saputo shares last traded at $29.95, with a volume of 3,955 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAPIF shares. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, November 10th. TD Securities reaffirmed a “buy” rating on shares of Saputo in a research note on Friday, November 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Saputo in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Saputo Trading Down 0.1%

The firm has a 50-day moving average of $27.41 and a two-hundred day moving average of $24.29.

Saputo Company Profile

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.