Saputo Inc. (OTCMKTS:SAPIF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Saputo Inc. (OTCMKTS:SAPIF) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several equities analysts recently issued reports on SAPIF shares. Jefferies Financial Group downgraded shares of Saputo to a “hold” rating in a report on Friday, July 24th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Saputo in a research note on Monday, June 8th.

Saputo Stock Performance

Shares of OTCMKTS:SAPIF opened at $28.12 on Wednesday. The company’s fifty day moving average is $29.22 and its 200-day moving average is $29.84. Saputo has a 52 week low of $23.67 and a 52 week high of $32.49.

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.