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

Saputo (TSE:SAP) had its price objective lowered by equities researchers at Jefferies Financial Group from C$36.00 to C$32.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 28.62% from the company’s previous close.

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

Saputo Stock Performance

Shares of TSE SAP traded down C$0.32 during trading hours on Monday, reaching C$24.88. 441,761 shares of the stock were exchanged, compared to its average volume of 474,761. The firm has a market capitalization of C$10.56 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 0.56 and a beta of 0.32. The stock’s fifty day simple moving average is C$26.65 and its 200 day simple moving average is C$28.86. 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 52 week low of C$24.63 and a 52 week high of C$32.15.

Insider Activity at Saputo

In related news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is owned by 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.