Rogers Sugar (TSE:RSI) Rating Increased to Hold at Scotiabank

Scotiabank upgraded shares of Rogers Sugar (TSE:RSI) to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

Separately, BMO Capital Markets increased their target price on Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$6.55.

Rogers Sugar Stock Performance

Shares of RSI stock opened at C$5.94 on Friday. The firm’s 50 day moving average is C$5.84 and its 200 day moving average is C$5.72. The stock has a market capitalization of C$759.84 million, a P/E ratio of 16.05 and a beta of 0.60. Rogers Sugar has a 12 month low of C$5.12 and a 12 month high of C$6.47. The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31.

Rogers Sugar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th will be issued a $0.09 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.36 annualized dividend and a dividend yield of 6.06%. Rogers Sugar’s payout ratio is currently 97.30%.

Insider Buying and Selling

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

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.