TD Securities Raises Saputo Inc. (SAP) Price Target to C$52.00

Saputo Inc. (TSE:SAP) had its price target hoisted by TD Securities from C$49.00 to C$52.00 in a research report sent to investors on Friday. The brokerage currently has a buy rating on the stock.

SAP has been the subject of a number of other reports. Royal Bank Of Canada raised Saputo from a sector perform rating to an outperform rating and set a C$48.00 price objective for the company in a report on Wednesday, July 19th. National Bank Financial decreased their price objective on Saputo from C$48.00 to C$47.00 and set a sector perform rating for the company in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Saputo presently has an average rating of Buy and an average price target of C$49.57.

Shares of Saputo (SAP) opened at 47.48 on Friday. Saputo has a 12-month low of $39.74 and a 12-month high of $48.98. The stock has a market capitalization of $18.34 billion and a price-to-earnings ratio of 24.86. The company has a 50-day moving average of $43.52 and a 200 day moving average of $43.19.

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In other Saputo news, insider Louise St-Jean sold 838 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.

About Saputo

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

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