BMO Capital Markets Forecasts Strong Price Appreciation for Rogers Sugar (TSE:RSI) Stock

Rogers Sugar (TSE:RSI) had its price target upped by BMO Capital Markets from C$6.50 to C$7.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 14.75% from the company’s current price.

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

Rogers Sugar Stock Performance

Shares of RSI stock opened at C$6.10 on Friday. The company has a market capitalization of C$780.31 million, a price-to-earnings ratio of 16.49 and a beta of 0.60. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. Rogers Sugar has a one year low of C$5.12 and a one year high of C$6.14. The company’s 50-day moving average is C$5.71 and its 200 day moving average is C$5.68.

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.