Insider Selling: Rogers Sugar Inc. (TSE:RSI) Senior Officer Sells 20,000 Shares of Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton sold 20,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00.

Rogers Sugar Price Performance

Shares of Rogers Sugar stock opened at C$6.00 on Monday. Rogers Sugar Inc. has a one year low of C$5.12 and a one year high of C$6.47. The stock’s fifty day moving average is C$5.82 and its 200 day moving average is C$5.72. The stock has a market cap of C$767.52 million, a P/E ratio of 16.22 and a beta of 0.60. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors 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 dividend on an annualized basis and a yield of 6.00%. Rogers Sugar’s dividend payout ratio is currently 97.30%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RSI shares. BMO Capital Markets raised their price target on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. Scotiabank set a C$6.25 price target on Rogers Sugar and gave the stock a “sector perform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$6.55.

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.