Rogers Sugar (TSE:RSI) Share Price Passes Above 200-Day Moving Average of $5.52

Rogers Sugar Inc. (TSE:RSI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.52 and traded as high as C$5.60. Rogers Sugar shares last traded at C$5.55, with a volume of 99,745 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Scotiabank increased their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research note on Monday, May 13th. National Bankshares upped their price objective on Rogers Sugar from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a research report on Monday, May 13th. TD Securities increased their price objective on Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, May 10th. Desjardins raised Rogers Sugar from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 10th. Finally, BMO Capital Markets lifted their price target on shares of Rogers Sugar from C$6.00 to C$7.00 and gave the stock a “market perform” rating in a research note on Monday, May 13th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Rogers Sugar presently has a consensus rating of “Hold” and an average target price of C$6.60.

Rogers Sugar Price Performance

The firm has a 50-day simple moving average of C$5.61 and a 200-day simple moving average of C$5.52. The firm has a market capitalization of C$718.91 million, a PE ratio of 15.19 and a beta of 0.60. 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 (TSE:RSI) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.04. Rogers Sugar had a net margin of 3.90% and a return on equity of 13.23%. The company had revenue of C$309.09 million for the quarter, compared to the consensus estimate of C$296.10 million. As a group, equities analysts forecast that Rogers Sugar Inc. will post 0.5598802 earnings per share for the current year.

Rogers Sugar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 6.41%. Rogers Sugar’s dividend payout ratio (DPR) is presently 97.30%.

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.