Rogers Sugar (TSE:RSI) PT Raised to C$7.00

Rogers Sugar (TSE:RSIGet Free Report) had its target price increased by research analysts at BMO Capital Markets from C$6.00 to C$7.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 17.25% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Desjardins set a C$6.25 price objective on Rogers Sugar and gave the company a “hold” rating in a research note on Tuesday, March 5th. National Bankshares lifted their target price on shares of Rogers Sugar from C$6.00 to C$6.25 and gave the stock a “sector perform” rating in a research report on Monday. Scotiabank increased their price target on Rogers Sugar from C$6.00 to C$6.50 and gave the company a “sector perform” rating in a research report on Monday. Finally, TD Securities lifted their target price on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$6.60.

View Our Latest Analysis on Rogers Sugar

Rogers Sugar Stock Up 3.3 %

RSI traded up C$0.19 during trading on Monday, hitting C$5.97. 609,992 shares of the company’s stock were exchanged, compared to its average volume of 216,084. Rogers Sugar has a fifty-two week low of C$4.96 and a fifty-two week high of C$6.17. The stock has a market cap of C$763.68 million, a P/E ratio of 14.21 and a beta of 0.58. The business’s 50 day moving average is C$5.27 and its two-hundred day moving average is C$5.36. The company has a quick ratio of 0.56, a current ratio of 1.82 and a debt-to-equity ratio of 145.32.

Rogers Sugar (TSE:RSIGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.10 earnings per share (EPS) for the quarter. Rogers Sugar had a return on equity of 17.10% and a net margin of 4.50%. The business had revenue of C$288.70 million during the quarter, compared to the consensus estimate of C$263.70 million. As a group, equities analysts expect that Rogers Sugar will post 0.4299835 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Rogers Sugar

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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.

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Analyst Recommendations for Rogers Sugar (TSE:RSI)

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