Rogers Sugar Inc. (TSE:RSI) Receives C$6.60 Consensus Target Price from Brokerages

Rogers Sugar Inc. (TSE:RSI) has earned an average recommendation of “Hold” from the four research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$6.60.

A number of research firms recently weighed in on RSI. Scotiabank upped their target price on shares of Rogers Sugar from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research note on Monday, May 13th. BMO Capital Markets raised their target price on Rogers Sugar from C$6.00 to C$7.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. TD Securities boosted their price target on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, May 10th. Desjardins upgraded Rogers Sugar from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 10th. Finally, National Bankshares boosted their target price on shares of Rogers Sugar from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a research note on Monday, May 13th.

Insider Activity at Rogers Sugar

In related news, Senior Officer Martin Levesque bought 20,000 shares of Rogers Sugar stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of C$5.17 per share, for a total transaction of C$103,400.00. In other news, Senior Officer Martin Levesque purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of C$5.17 per share, for a total transaction of C$103,400.00. Also, Director Donald Jewell acquired 40,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of C$5.18 per share, with a total value of C$207,200.00. Insiders acquired 62,370 shares of company stock valued at $323,050 over the last ninety days. 0.28% of the stock is owned by insiders.

Rogers Sugar Stock Down 0.3 %

RSI opened at C$5.85 on Friday. Rogers Sugar has a fifty-two week low of C$4.96 and a fifty-two week high of C$6.02. The company has a market capitalization of C$748.33 million, a P/E ratio of 13.60 and a beta of 0.58. The company has a debt-to-equity ratio of 91.14, a current ratio of 2.12 and a quick ratio of 0.56. The firm’s fifty day moving average price is C$5.37 and its two-hundred day moving average price is C$5.40.

Rogers Sugar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Friday, June 28th. Rogers Sugar’s payout ratio is presently 83.72%.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.