Rogers Sugar (TSE:RSI) Price Target Lowered to C$6.00 at Scotiabank

Rogers Sugar (TSE:RSI) had its price target reduced by Scotiabank from C$6.25 to C$6.00 in a report published on Friday,BayStreet.CA reports. They currently have an equal weight rating on the stock.

Separately, BMO Capital Markets dropped their price objective on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$6.40.

Rogers Sugar Stock Performance

Shares of Rogers Sugar stock opened at C$5.57 on Friday. Rogers Sugar has a 12 month low of C$5.12 and a 12 month high of C$6.47. The firm has a market capitalization of C$712.51 million, a P/E ratio of 15.05 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31. The business has a fifty day simple moving average of C$5.92 and a two-hundred day simple moving average of C$5.75.

Rogers Sugar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.46%. Rogers Sugar’s dividend payout ratio is currently 97.30%.

Insider Transactions at Rogers Sugar

In other Rogers Sugar news, Senior Officer Patrick Dionne sold 50,352 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total transaction of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00. 0.28% of the stock is owned by insiders.

About Rogers Sugar

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.