The stock of Saputo Inc. (TSE:SAP) is a huge mover today! About 183,233 shares traded hands. Saputo Inc. (TSE:SAP) has risen 20.50% since March 14, 2016 and is uptrending. It has outperformed by 14.95% the S&P500.
The move comes after 7 months negative chart setup for the $18.78 billion company. It was reported on Oct, 19 by Barchart.com. We have $44.81 PT which if reached, will make TSE:SAP worth $939.00M less.
Saputo Inc. (TSE:SAP) Ratings Coverage
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 23 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Wednesday, August 5 the stock rating was maintained by Scotia Capital with “Sector Outperform”. RBC Capital Markets downgraded Saputo Inc. (TSE:SAP) on Tuesday, May 24 to “Sector Perform” rating. The firm earned “Sector Perform” rating on Friday, June 3 by National Bank Canada. As per Friday, June 3, the company rating was maintained by RBC Capital Markets. TD Securities maintained it with “Hold” rating and $42 target price in Friday, July 29 report. The rating was maintained by Scotia Capital with “Outperform” on Friday, July 29. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 6.
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 $18.78 billion. The Firm has three geographic sectors. It has a 29.3 P/E ratio. The Canada Sector consists of Dairy Division .
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