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    SAP   CA8029121057

SAPUTO INC.

(SAP)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-12-09 pm EST
34.11 CAD   -0.79%
12/07National Bank is Sticking With Staples in its Retailing/Consumer - 2023 Outlook
MT
12/05SAPUTO INC. : Ex-dividend day for
FA
12/01DBRS Assigns Rating with Stable Trend to Saputo's New Debt Issuance
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

TSX posts biggest gain in 2-1/2 years on energy boost

10/03/2022 | 05:29pm EST

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TSX ends up 436.97 points, or 2.4%, at 18,881.19

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Index posts its biggest gain since April 2020

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Energy jumps 5.8%; oil settles 5.2% higher

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Materials adds 2.1%

TORONTO, Oct 3 (Reuters) - Gains in energy shares helped Canada's main stock index kick off the final quarter of the year with a bang as investors looked to overcome their anxiety over a global recession.

The Toronto Stock Exchange's S&P/TSX composite index ended up 436.97 points, or 2.4%, at 18,881.19, its biggest daily gain since April 2020, allowing it to recoup some recent declines. It fell 4.6% in September.

Wall Street stocks also ended with sharp gains after being pressured through much of this year by worries that aggressive interest rate hikes by the Federal Reserve could derail economic growth. The Bank of Canada has also been tightening at a rapid pace.

"Investors are starting to doubt central banks globally will remain aggressive with fighting inflation as financial stability risks are growing," Edward Moya, senior market analyst at OANDA, said in a note.

British Prime Minister Liz Truss was forced into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets.

In Canada, domestic data showed that manufacturing activity contracted for a second straight month in September as higher borrowing costs and an uncertain economic outlook contributed to a drop in new orders.

Boosting the Toronto market, the energy sector climbed 5.8% as crude prices settled 5.2% higher after Reuters reported that OPEC+ is considering reducing output by more than 1 million barrels per day.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 2.1% as gold and copper prices rose.

The heavily-weighted financial sector gained 1.4%, while industrials ended 2.7% higher.

Among stocks that lost ground was Saputo Inc. It fell 3.1% after Scotiabank cut the shares of the dairy firm to sector perform from sector outperform. (Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan; editing by Uttaresh.V, Anil D'Silva and Deepa Babington)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.24% 76.63 Delayed Quote.-1.85%
SAPUTO INC. -0.79% 34.11 Delayed Quote.19.68%
WTI -0.79% 71.473 Delayed Quote.-3.72%
All news about SAPUTO INC.
12/07National Bank is Sticking With Staples in its Retailing/Consumer - 2023 Outlook
MT
12/05SAPUTO INC. : Ex-dividend day for
FA
12/01DBRS Assigns Rating with Stable Trend to Saputo's New Debt Issuance
MT
11/30BMO Capital Maintains Saputo's Outperform Rating, $41 Target
MT
11/29Saputo Brief: Co Says Report Is "Without Merit and Is Misleading", and Adds..
MT
11/29Saputo Brief: Closing Down Near 6% Today After Short Seller Spruce Point Cl..
MT
11/11Transcript : Saputo Inc., Q2 2023 Earnings Call, Nov 11, 2022
CI
11/11Reminder - Saputo Inc. : Fiscal 2023 Second Quarter Results
GL
11/11Reminder - Saputo Inc. : Fiscal 2023 Second Quarter Results
AQ
11/10Saputo Inc. Reports Earnings Results for the Second Quarter and Six Months Ended Septem..
CI
More news
Analyst Recommendations on SAPUTO INC.
More recommendations
Financials
Sales 2023 17 537 M 12 872 M 12 872 M
Net income 2023 621 M 456 M 456 M
Net Debt 2023 3 780 M 2 774 M 2 774 M
P/E ratio 2023 22,6x
Yield 2023 2,17%
Capitalization 14 295 M 10 493 M 10 493 M
EV / Sales 2023 1,03x
EV / Sales 2024 0,96x
Nbr of Employees 18 600
Free-Float 57,7%
Chart SAPUTO INC.
Duration : Period :
Saputo Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAPUTO INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 34,11 CAD
Average target price 38,17 CAD
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Lino A. Saputo Chairman, President & Chief Executive Officer
Carl Colizza Vice President-Engineering & Environmental Affairs
Maxime Therrien Chief Financial Officer & Secretary
Anthony M. Fata Lead Independent Director
Henry E. Demone Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SAPUTO INC.19.68%10 493
NESTLÉ S.A.-14.14%322 811
MONDELEZ INTERNATIONAL, INC.1.93%92 302
GENERAL MILLS, INC.27.40%51 964
ARCHER-DANIELS-MIDLAND COMPANY36.71%50 758
THE HERSHEY COMPANY22.38%49 488