Saputo (TSE:SAP) Given New C$32.00 Price Target at Jefferies Financial Group

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

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

Saputo Stock Performance

Shares of Saputo stock opened at C$25.05 on Monday. The stock has a market cap of C$10.63 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo has a twelve month low of C$24.63 and a twelve month high of C$32.15. The company’s fifty 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.

Insider Activity

In other news, Senior Officer Leanne Cutts acquired 4,000 shares of Saputo stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price 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.

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.