Saputo Inc. (TSE:SAP) had its target price upped by Scotiabank from C$44.00 to C$52.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 13.31% from the stock’s previous close.
A number of other brokerages have also recently weighed in on SAP. Royal Bank Of Canada lifted their target price on Saputo from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, September 15th. National Bank Financial lifted their target price on Saputo from C$38.00 to C$42.00 in a report on Wednesday, May 25th. TD Securities reiterated a “hold” rating and issued a C$42.00 target price on shares of Saputo in a report on Friday, July 29th. RBC Capital Markets lifted their target price on Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd. Finally, Desjardins reiterated a “hold” rating and issued a C$42.00 target price on shares of Saputo in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$45.43.
Saputo (TSE:SAP) opened at 45.89 on Thursday. The stock has a market cap of $18.03 billion and a P/E ratio of 28.50. The stock has a 50 day moving average price of $43.64 and a 200-day moving average price of $40.72. Saputo has a 12-month low of $28.70 and a 12-month high of $46.69.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, September 1st. This is a boost from Saputo’s previous quarterly dividend of $0.14.
Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave.
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