The move comes after 6 months negative chart setup for the $18.71B company. It was reported on Dec, 5 by Barchart.com. We have $42.55 PT which if reached, will make TSE:SAP worth $1.31 billion less.
Out of 7 analysts covering Saputo Inc. (TSE:SAP), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Saputo Inc. has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Friday, June 3 the stock rating was maintained by National Bank Canada with “Sector Perform”. On Friday, November 4 the stock rating was downgraded by TD Securities to “Hold”. The stock of Saputo Inc. (TSE:SAP) has “Hold” rating given on Friday, July 29 by TD Securities. As per Tuesday, May 24, the company rating was downgraded by RBC Capital Markets. The company was maintained on Friday, June 3 by RBC Capital Markets. The company was maintained on Tuesday, October 6 by RBC Capital Markets. Scotia Capital maintained it with “Sector Outperform” rating and $37 target price in Wednesday, August 5 report. Scotia Capital maintained Saputo Inc. (TSE:SAP) rating on Friday, July 29. Scotia Capital has “Outperform” rating and $44 price target.
More news for Saputo Inc. (TSE:SAP) were recently published by: Marketwired.com, which released: “Saputo Inc.: Fiscal 2017 Second Quarter Results” on October 14, 2016. Business.Financialpost.com‘s article titled: “Saputo Inc CEO says Canada could have been better without dairy supply …” and published on June 02, 2016 is yet another important article.
Saputo Inc. produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The company has a market cap of $18.71 billion. The Firm has three geographic sectors. It has a 26.63 P/E ratio. The Canada Sector consists of Dairy Division.
Source: FriscoFastBall
Link: https://friscofastball.com/2016/12/05/saputo-inc-cant-be-more-risky-trades-sigfnicicantly-lower/
