Saputo Inc. (TSE:SAP) had its price target raised by CIBC from C$35.00 to C$36.00 in a research note released on Wednesday morning, Marketbeat reports. The firm currently has a sector performer rating on the stock.

In other Saputo news, insider Patrick Turcotte sold 1,400 shares of the firm’s stock in a transaction on Wednesday, November 18th. The shares were sold at an average price of C$32.38, for a total value of C$45,332.00. Also, insider Ga�Tane Wagner sold 2,000 shares of the firm’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of C$32.40, for a total transaction of C$64,800.00.

Several other equities research analysts have also issued reports on SAP. TD Securities raised their price target on shares of Saputo from C$33.00 to C$34.00 and gave the stock a hold rating in a research note on Wednesday, November 4th. RBC Capital restated an outperform rating on shares of Saputo in a research note on Tuesday, October 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Saputo presently has a consensus rating of Hold and an average price target of C$35.75.

Saputo (TSE:SAP) opened at 34.40 on Wednesday. The stock’s 50 day moving average is $32.81 and its 200 day moving average is $31.29. The firm has a market capitalization of $13.49 billion and a P/E ratio of 22.93. Saputo has a one year low of $28.43 and a one year high of $37.58.

Saputo Inc is a Canada-based dairy processor and cheese producer in the United States. Saputo produces, markets, and distributes a variety of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Its products are sold in 40 countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Dragone, DuVillage 1860, Friendship, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Milk2Go, Neilson, Nutrilait, Ricrem, Salemville, Scotsburn4, Stella, Sungold and Treasure Cave. The Company has 3 segments: Retail, Food Service and Industrial .The Company’s subsidiaries consists of: Saputo Cheese USA Inc., Saputo Dairy Products Canada G.P., Saputo Dairy Foods USA, LLC and Molfino Hermanos S.A.

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