Saputo (TSE:SAP) Given New C$32.00 Price Target at Jefferies Financial Group

Saputo (TSE:SAP) had its price objective lowered by Jefferies Financial Group from C$36.00 to C$32.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets downgraded Saputo from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. Desjardins set a C$34.00 price objective on Saputo in a research note on Monday, November 11th. Royal Bank of Canada cut their price target on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$34.19.

Saputo Stock Performance

Shares of SAP stock opened at C$25.03 on Monday. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The firm has a 50-day moving average of C$26.65 and a 200-day moving average of C$28.87. Saputo has a one year low of C$24.63 and a one year high of C$32.15. The company has a market cap of C$10.62 billion, a P/E ratio of 39.73, a P/E/G ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.04%. Saputo’s dividend payout ratio is currently 120.63%.

Insider Transactions at Saputo

In other news, Senior Officer Leanne Cutts purchased 4,000 shares of Saputo stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. Corporate 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.