Saputo (TSE:SAP) Given New C$27.00 Price Target at BMO Capital Markets

Saputo (TSE:SAP) had its price objective decreased by research analysts at BMO Capital Markets from C$30.00 to C$27.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 15.83% from the stock’s previous close.

A number of other brokerages have also commented on SAP. TD Securities cut their price target on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Jefferies Financial Group decreased their target price on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Desjardins set a C$34.00 target price on shares of Saputo in a research report on Monday, November 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$33.81.

Saputo Price Performance

Shares of TSE:SAP opened at C$23.31 on Friday. The firm has a market cap of C$9.89 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The firm’s fifty day moving average is C$25.84 and its 200-day moving average is C$28.46. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. Saputo has a 52 week low of C$22.96 and a 52 week high of C$32.15.

Insider Activity

In other news, Senior Officer Leanne Cutts bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired 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.

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.