Jefferies Financial Group Lowers Saputo (TSE:SAP) Price Target to C$32.00

Saputo (TSE:SAP) had its price objective dropped by research analysts at Jefferies Financial Group from C$36.00 to C$32.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 27.74% from the company’s previous close.

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

Saputo Price Performance

TSE SAP opened at C$25.05 on Monday. The firm’s 50 day moving average is C$26.57 and its 200-day moving average is C$28.86. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The company has a market capitalization of C$10.63 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. Saputo has a 12-month low of C$24.63 and a 12-month high of C$32.15.

Insider Buying and Selling at Saputo

In other Saputo news, Senior Officer Leanne Cutts acquired 4,000 shares of Saputo stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$26.25 per share, with a total value of C$105,000.00. Company insiders own 40.45% of the company’s stock.

Saputo Company Profile

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.