Saputo Inc. (OTCMKTS:SAPIF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Saputo Inc. (OTCMKTS:SAPIF) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

A number of research firms have recently issued reports on SAPIF. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a research report on Monday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a report on Friday, October 31st. Finally, TD Securities reaffirmed a “buy” rating on shares of Saputo in a research report on Friday, November 28th.

Saputo Trading Up 2.4%

Shares of OTCMKTS:SAPIF opened at $29.16 on Friday. Saputo has a 52-week low of $15.67 and a 52-week high of $30.45. The company has a 50-day simple moving average of $28.12 and a 200 day simple moving average of $24.71.

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.