Insider Buying: Rogers Sugar Inc. (TSE:RSI) Director Purchases 150,000 Shares of Stock

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

Rogers Sugar Price Performance

RSI stock opened at C$5.42 on Wednesday. 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$691.58 million, a P/E ratio of 12.41 and a beta of 0.60. The firm has a 50-day moving average of C$5.81 and a 200 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s payout ratio is currently 82.41%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RSI shares. BMO Capital Markets lowered 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. Scotiabank lowered their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$6.40.

Rogers Sugar Company Profile

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.