Saputo (TSE:SAP – Get Free Report) had its price objective reduced by analysts at BMO Capital Markets from C$30.00 to C$27.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 16.43% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Desjardins set a C$34.00 price objective on shares of Saputo in a research report on Monday, November 11th. TD Securities dropped their target price on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Jefferies Financial Group decreased their price target on Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Royal Bank of Canada dropped their price objective on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.81.
View Our Latest Stock Analysis on Saputo
Saputo Stock Down 4.3 %
Insider Buying and Selling at Saputo
In other Saputo news, Senior Officer Leanne Cutts purchased 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Insiders own 40.45% of the company’s stock.
About Saputo
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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