RBC Capital Sticks to Their Hold Rating for Saputo Inc.

By Jason Carr

Saputo Inc. (TSX: SAP), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. Analyst Matt Barasch from RBC Capital remains neutral on the stock and has a C$50 price target.

According to TipRanks.com, Barasch is ranked #1230 out of 4572 analysts.

Currently, the analyst consensus on Saputo Inc. is Moderate Buy and the average price target is C$50, representing a 14.3% upside.

In a report issued on May 19, Desjardins also reiterated a Hold rating on the stock with a C$47 price target.

Saputo Inc.’s market cap is currently C$17.03B and has a P/E ratio of 24.3.

Saputo, Inc. engages in the manufacture, market, and trade of dairy products. It operates through the following geographic segments: Canada, United States of America, and International. It offers cheese, milk, cream, yogurt, butter, milk powder, and dairy ingredients. The company was founded by Emanuele Saputo Sr. in September 1954 and is headquartered in Saint-Léonard, Canada.

The company’s shares closed last Friday at $43.76.