National Bank Financial lowered shares of Rogers Sugar (TSE:RSI) from a sector perform rating to an underperform rating in a report released on Friday, November 8th, BayStreet.CA reports. They currently have C$4.50 target price on the stock, down from their prior target price of C$5.25. National Bank Financial also issued estimates for Rogers Sugar’s FY2020 earnings at $0.41 EPS.
A number of other brokerages also recently weighed in on RSI. BMO Capital Markets cut their target price on Rogers Sugar from C$5.50 to C$5.00 in a research note on Friday, August 2nd. TD Securities dropped their price objective on Rogers Sugar from C$6.00 to C$5.50 and set a hold rating on the stock in a research note on Tuesday, August 6th. Finally, Desjardins dropped their price objective on Rogers Sugar from C$6.00 to C$5.25 in a research note on Friday, August 2nd.
RSI traded down C$0.02 during midday trading on Friday, reaching C$4.81. 367,511 shares of the company were exchanged, compared to its average volume of 127,748. Rogers Sugar has a one year low of C$4.54 and a one year high of C$6.17. The company’s fifty day moving average price is C$5.21 and its 200 day moving average price is C$5.47. The company has a market cap of $506.60 million and a price-to-earnings ratio of -60.13. The company has a debt-to-equity ratio of 116.23, a quick ratio of 0.61 and a current ratio of 1.90.
About Rogers Sugar
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.
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