Saputo Inc. (OTCMKTS:SAPIF) Stock Rated “Moderate Buy” by Wall Street Brokerages

Saputo Inc. (OTCMKTS:SAPIF) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Separately, Jefferies Financial Group cut Saputo to a “hold” rating in a research report on Friday, July 24th.

Saputo Stock Performance

Shares of Saputo stock opened at $27.21 on Friday. The stock’s 50-day simple moving average is $28.68 and its 200-day simple moving average is $29.34. Saputo has a 52 week low of $23.68 and a 52 week high of $32.49.

Saputo Company Profile

Saputo Inc is a Canadian dairy processor headquartered in Montreal, Quebec. The company produces, markets and distributes a broad range of dairy products, including cheese, milk, cream, cultured products, butter and dairy ingredients. Its product portfolio serves retail, foodservice and industrial customers.

Founded in 1954 by Lino Saputo, the company has expanded from a small cheese business into an international dairy operation. Saputo serves customers across Canada, the United States, Australia, Argentina and the United Kingdom, selling products under a variety of national, regional and private-label brands.

Saputo operates through several business divisions focused on dairy products and ingredients.