Saputo Inc. (SAP) Director Sells C$88,000.00 in Stock

Saputo Inc. (TSE:SAP) Director Paul Corney sold 2,000 shares of Saputo stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$44.00, for a total value of C$88,000.00.

Saputo Inc. (TSE SAP) traded down C$0.20 during midday trading on Tuesday, reaching C$43.76. The company’s stock had a trading volume of 142,943 shares, compared to its average volume of 531,971. Saputo Inc. has a 12 month low of C$39.74 and a 12 month high of C$48.98.

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A number of research firms recently weighed in on SAP. National Bank Financial reissued a “sector perform” rating and set a C$50.00 target price on shares of Saputo in a research report on Monday, October 30th. Desjardins downgraded Saputo from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. TD Securities lifted their target price on Saputo from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. BMO Capital Markets reissued a “market perform” rating and set a C$47.00 target price on shares of Saputo in a research report on Friday, October 27th. Finally, Scotiabank decreased their target price on Saputo from C$58.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Saputo presently has a consensus rating of “Buy” and a consensus target price of C$50.14.

Saputo Company Profile

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 three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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