Could Saputo Inc. Decline After Today’s Huge Increase?

 Could Saputo Inc. Decline After Today's Huge Increase?

The stock of Saputo Inc. (TSE:SAP) is a huge mover today! About 51,159 shares traded hands. Saputo Inc. (TSE:SAP) has risen 16.04% since April 1, 2016 and is uptrending. It has outperformed by 14.08% the S&P500.
The move comes after 9 months positive chart setup for the $18.71B company. It was reported on Nov, 8 by Barchart.com. We have $76.93 PT which if reached, will make TSE:SAP worth $11.23B more.

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. $54 is the highest target while $31 is the lowest. The $44 average target is -8.49% below today’s ($48.08) stock price. Saputo Inc. has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Tuesday, October 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Outperform” rating on Friday, July 29 by Scotia Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 3 report. The firm has “Hold” rating given on Friday, November 4 by TD Securities. As per Friday, June 3, the company rating was maintained by National Bank Canada. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, May 24. The firm has “Sector Outperform” rating given on Wednesday, August 5 by Scotia Capital. The rating was maintained by TD Securities on Friday, July 29 with “Hold”.

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. Rttnews.com‘s article titled: “Saputo Inc. Bottom Line Climbs 28% In Q2” and published on November 03, 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 $18.71 billion. The Firm has three geographic sectors. It has a 29.87 P/E ratio. The Canada Sector consists of Dairy Division .

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