Rogers Sugar (TSE:RSI) Price Target Lowered to C$6.50 at BMO Capital Markets

Rogers Sugar (TSE:RSI) had its target price lowered by BMO Capital Markets from C$7.00 to C$6.50 in a report released on Friday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

Separately, Scotiabank upgraded shares of Rogers Sugar to a “hold” rating in a research note on Friday, December 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, the stock presently has an average rating of “Hold” and an average target price of C$6.40.

Rogers Sugar Price Performance

RSI opened at C$5.57 on Friday. Rogers Sugar has a fifty-two week low of C$5.12 and a fifty-two week high of C$6.47. The firm has a 50-day moving average of C$5.91 and a 200 day moving average of C$5.74. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. The firm has a market cap of C$712.51 million, a P/E ratio of 15.05 and a beta of 0.60.

Rogers Sugar Dividend Announcement

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

Insiders Place Their Bets

In other news, Senior Officer Michael Walton sold 20,000 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Patrick Dionne sold 50,352 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total value of C$320,943.65. 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.