Saputo Inc. (OTCMKTS:SAPIF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.17 and traded as low as $29.1775. Saputo shares last traded at $29.1775, with a volume of 22,540 shares trading hands.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Saputo in a report on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Saputo
Saputo Stock Performance
About Saputo
Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.
Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.
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