M. Dallas H. Ross Acquires 150,000 Shares of Rogers Sugar Inc. (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross purchased 150,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of C$5.42 per share, with a total value of C$813,000.00.

Rogers Sugar Stock Performance

TSE RSI opened at C$5.43 on Thursday. The stock has a 50-day moving average of C$5.78 and a two-hundred day moving average of C$5.73. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. Rogers Sugar Inc. has a 1-year low of C$5.12 and a 1-year high of C$6.47. The company has a market cap of C$692.85 million, a P/E ratio of 12.43 and a beta of 0.60.

Rogers Sugar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date was Friday, December 27th. Rogers Sugar’s dividend payout ratio is currently 82.41%.

Analyst Upgrades and Downgrades

RSI has been the subject of several research reports. Scotiabank cut their price objective on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. 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 for the company in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$6.40.

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.