Saputo (TSE:SAP) Price Target Lowered to C$27.00 at BMO Capital Markets

Saputo (TSE:SAP) had its price objective cut by investment analysts at BMO Capital Markets from C$30.00 to C$27.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 16.43% from the stock’s previous close.

Several other research firms have also recently issued reports on SAP. Desjardins set a C$34.00 price target on Saputo in a report on Monday, November 11th. Jefferies Financial Group lowered their price target on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Royal Bank of Canada reduced their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Finally, TD Securities reduced their target price on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$33.81.

Saputo Stock Performance

Saputo stock traded down C$1.05 during mid-day trading on Friday, hitting C$23.19. 619,452 shares of the company’s stock traded hands, compared to its average volume of 615,440. The company has a market cap of C$9.84 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The firm has a 50 day moving average price of C$25.91 and a 200 day moving average price of C$28.51. Saputo has a one year low of C$22.96 and a one year high of C$32.15. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17.

Insiders Place Their Bets

In related news, Senior Officer Leanne Cutts bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% 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.