The stock of Saputo Inc. (TSE:SAP) hit a new 52-week high and has $72.69 target or 50.00% above today’s $48.46 share price. The 9 months bullish chart indicates low risk for the $19.32B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $72.69 price target is reached, the company will be worth $9.66B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 146,807 shares traded hands. Saputo Inc. (TSE:SAP) has risen 18.28% since March 28, 2016 and is uptrending. It has outperformed by 15.27% the S&P500.
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. $52 is the highest target while $31 is the lowest. The $41.50 average target is -14.36% below today’s ($48.46) stock price. Saputo Inc. has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Saputo Inc. (TSE:SAP) earned “Sector Perform” rating by RBC Capital Markets on Friday, June 3. The stock of Saputo Inc. (TSE:SAP) has “Sector Outperform” rating given on Wednesday, August 5 by Scotia Capital. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 6. As per Tuesday, May 24, the company rating was downgraded by RBC Capital Markets. TD Securities maintained the stock with “Hold” rating in Friday, July 29 report. The stock has “Sector Perform” rating given by National Bank Canada on Friday, June 3. As per Friday, July 29, the company rating was maintained by Scotia Capital.
More recent Saputo Inc. (TSE:SAP) news were published by: Marketwired.com which released: “Saputo Inc.: Fiscal 2017 Second Quarter Results” on October 14, 2016. Also Business.Financialpost.com published the news titled: “Saputo Inc CEO says Canada could have been better without dairy supply …” on June 02, 2016. Fool.ca‘s news article titled: “Investors: 3 Reasons to Load Up on Saputo Inc.” with publication date: September 26, 2016 was also an interesting one.
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 $19.32 billion. The Firm has three geographic sectors. It has a 30.1 P/E ratio. The Canada Sector consists of Dairy Division .
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