Rogers Sugar (TSE:RSI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Rogers Sugar (TSE:RSI) had its price objective lifted by equities research analysts at BMO Capital Markets from C$6.50 to C$7.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 15.13% from the company’s previous close.

Separately, Scotiabank set a C$6.25 price objective on shares of Rogers Sugar and gave the stock a “sector perform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Rogers Sugar currently has a consensus rating of “Hold” and an average price target of C$6.55.

Rogers Sugar Stock Performance

Shares of TSE RSI traded up C$0.09 during midday trading on Friday, reaching C$6.08. 683,320 shares of the stock were exchanged, compared to its average volume of 183,371. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31. The firm has a market cap of C$777.75 million, a price-to-earnings ratio of 16.49 and a beta of 0.60. The firm has a 50-day simple moving average of C$5.70 and a two-hundred day simple moving average of C$5.68. Rogers Sugar has a twelve month low of C$5.12 and a twelve month high of C$6.14.

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.