Rogers Sugar (TSE:RSI) Reaches New 1-Year High – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI) reached a new 52-week high on Friday . The stock traded as high as C$6.48 and last traded at C$6.48, with a volume of 146168 shares trading hands. The stock had previously closed at C$6.41.

Analyst Upgrades and Downgrades

Separately, Desjardins increased their price target on Rogers Sugar from C$7.25 to C$7.50 and gave the company a “buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$6.67.

Rogers Sugar Price Performance

The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The stock has a market capitalization of C$828.90 million, a PE ratio of 13.20 and a beta of 0.61. The firm has a 50 day moving average price of C$6.20 and a 200 day moving average price of C$5.80.

Rogers Sugar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, September 26th. Rogers Sugar’s dividend payout ratio is 73.47%.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products.