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

Saputo (TSE:SAP) had its target price reduced by research analysts at Jefferies Financial Group from C$36.00 to C$32.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 28.62% from the stock’s current price.

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

Saputo Stock Down 1.3 %

Saputo stock traded down C$0.32 during trading on Monday, hitting C$24.88. 441,761 shares of the company were exchanged, compared to its average volume of 474,761. The business’s 50 day moving average is C$26.65 and its 200 day moving average is C$28.86. The company has a market capitalization of C$10.56 billion, a P/E ratio of 39.49, a PEG ratio of 0.56 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. Saputo has a 52 week low of C$24.63 and a 52 week high of C$32.15.

Insider Activity at Saputo

In other Saputo news, Senior Officer Leanne Cutts purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is owned by corporate insiders.

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.