Rogers Sugar (TSE:RSI) Price Target Cut to C$6.00 by Analysts at Scotiabank

Rogers Sugar (TSE:RSI) had its price objective cut by Scotiabank from C$6.25 to C$6.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an equal weight rating on the stock.

Separately, BMO Capital Markets cut their price target on 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. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Rogers Sugar presently has an average rating of “Hold” and a consensus target price of C$6.40.

Rogers Sugar Stock Performance

RSI stock opened at C$5.57 on Friday. The company has a debt-to-equity ratio of 100.31, a current ratio of 1.66 and a quick ratio of 0.56. Rogers Sugar 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$712.51 million, a P/E ratio of 15.05 and a beta of 0.60. The stock’s fifty day moving average price is C$5.92 and its 200-day moving average price is C$5.75.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.36 annualized dividend and a yield of 6.46%. Rogers Sugar’s dividend payout ratio (DPR) is presently 97.30%.

Insiders Place Their Bets

In other news, Senior Officer Michael Walton sold 20,000 shares of the stock in a transaction on Friday, December 20th. The shares were 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 firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$6.37, for a total transaction 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.