Saputo (TSE:SAP) had its price objective raised by RBC Capital from C$56.00 to C$61.00 in a research report released on Tuesday morning. RBC Capital currently has an outperform rating on the stock.
RBC Capital has also taken action a number of other stocks recently. The firm upgraded shares of Advantage Oil & Gas Ltd from a sector perform rating to an outperform rating. The firm now has a $8.50 price target on that stock, up previously from $7.00. They noted that the move was a valuation call. Also, RBC Capital raised its price target on shares of Cheniere Energy Partners LP from $36.00 to $39.00. They have an outperform rating on that stock. Finally, RBC Capital reiterated its outperform rating on shares of National Grid plc (ADR).
Saputo (TSE:SAP) traded up 0.94% during mid-day trading on Tuesday, hitting $59.06. The stock had a trading volume of 30,492 shares. Saputo has a one year low of $46.01 and a one year high of $60.04. The stock’s 50-day moving average is $58.09 and its 200-day moving average is $53.59. The company has a market cap of $11.483 billion and a price-to-earnings ratio of 22.25.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Saputo from C$57.00 to C$66.00 in a research note on Tuesday, May 27th. They now have an outperform rating on the stock. Analysts at TD Securities raised their price target on shares of Saputo from C$55.00 to C$61.00 in a research note on Monday, April 28th. They now have a hold rating on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$59.00.
Saputo Inc is a dairy processor in Canada and cheese producer in the United States. The Company produces, markets and distributes an array of dairy products from Canada, the United States and Argentina, as well as bakery products from Canada.
Source: WatchList News
