Rogers Sugar (TSE:RSI) Price Target Lowered to C$6.00 at Scotiabank

Rogers Sugar (TSE:RSI) had its target price reduced by analysts at Scotiabank from C$6.25 to C$6.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 6.95% from the company’s previous close.

Separately, BMO Capital Markets decreased their price target on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research note on Friday. 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, Rogers Sugar currently has a consensus rating of “Hold” and an average price target of C$6.40.

Rogers Sugar Stock Down 1.1 %

Shares of TSE:RSI traded down C$0.06 during midday trading on Friday, hitting C$5.61. The stock had a trading volume of 398,733 shares, compared to its average volume of 225,672. 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 business’s 50-day simple moving average is C$5.92 and its 200-day simple moving average is C$5.75. Rogers Sugar has a 12 month low of C$5.12 and a 12 month high of C$6.47. The company has a market cap of C$717.63 million, a P/E ratio of 15.16 and a beta of 0.60.

Insider Transactions at Rogers Sugar

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

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.