Saputo Inc. (SAP) Receives a Hold from CIBC


A Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. CIBC’s analyst Mark Petrie reiterates their Hold rating on the shares of Saputo Inc. (SAP), with a C$44 price target.

According to TipRanks.com, Petrie is ranked #305 out of 5141 analysts.

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Currently, the analyst consensus on Saputo Inc. is a Moderate Buy with an average price target of C$44, which is a 7.9% upside from current levels. In a report issued on January 23, National Bank also maintained a Hold rating on the stock with a C$43 price target.

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The company has a one-year high of C$45.76 and a one-year low of C$35.56. Currently, Saputo Inc. has an average volume of 432.1K.

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 Friday at C$40.76.

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