Rogers Sugar (TSE:RSI) Price Target Cut to C$6.50 by Analysts at BMO Capital Markets

Rogers Sugar (TSE:RSI) had its target price decreased by BMO Capital Markets from C$7.00 to C$6.50 in a report issued on Friday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Separately, Scotiabank raised Rogers Sugar to a “hold” rating in a research report on Friday, December 27th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$6.40.

Rogers Sugar Trading Down 1.8 %

RSI opened at C$5.57 on Friday. Rogers Sugar has a twelve month low of C$5.12 and a twelve month high of C$6.47. The company has a fifty day moving average of C$5.92 and a 200-day moving average of C$5.75. The stock has a market cap of C$712.51 million, a PE ratio of 15.05 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31.

Rogers Sugar Dividend Announcement

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

Insider Activity

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

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.