Desjardins Remains a Hold on Saputo Inc. (SAP)


In a new note to investors yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Saputo Inc. (TSX: SAP). Analyst Keith Howlett from Desjardins remains neutral on the stock and has a C$45 price target.

Howlett has an average return of 0.2% when recommending Saputo Inc..

According to TipRanks.com, Howlett is ranked #1739 out of 4850 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Saputo Inc. with a C$45.33 average price target, implying a 10.7% upside from current levels. In a report released yesterday, GMP FirstEnergy also reiterated a Hold rating on the stock with a C$40 price target.

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The company has a one-year high of C$47.59 and a one-year low of C$39.08. Currently, Saputo Inc. has an average volume of 457.4K.

Saputo, Inc. produces, markets, and distributes a wide array of dairy products. Its products include cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The company was founded by Emanuele Saputo Sr. in September 1954 and is headquartered in Saint-LĂ©onard, Canada.

The company’s shares closed on Wednesday at C$40.95.

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