National Bankshares Issues Pessimistic Forecast for Saputo (TSE:SAP) Stock Price

Saputo (TSE:SAP) had its price target lowered by research analysts at National Bankshares from C$31.00 to C$28.00 in a report released on Wednesday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 21.21% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Desjardins set a C$34.00 target price on shares of Saputo in a research note on Monday, November 11th. TD Securities dropped their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Jefferies Financial Group reduced their price target 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. BMO Capital Markets reduced their price objective on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a report on Friday, January 10th. Finally, Royal Bank of Canada dropped their target price on 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$32.94.

Saputo Price Performance

Shares of TSE SAP traded up C$0.04 during trading hours on Wednesday, hitting C$23.10. 477,646 shares of the stock were exchanged, compared to its average volume of 705,491. The company’s fifty day simple moving average is C$25.70 and its two-hundred day simple moving average is C$28.38. 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 1-year low of C$22.65 and a 1-year high of C$32.15. The company has a market cap of C$9.80 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32.

Insider Buying and Selling at Saputo

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the company’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.