Rogers Sugar (TSE:RSI) Raised to “Hold” at Scotiabank

Rogers Sugar (TSE:RSI) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, BMO Capital Markets boosted their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Sugar has an average rating of “Hold” and a consensus target price of C$6.55.

Rogers Sugar Trading Down 1.3 %

RSI opened at C$5.94 on Friday. Rogers Sugar has a 1-year low of C$5.12 and a 1-year high of C$6.47. The firm has a 50-day moving average price of C$5.84 and a two-hundred day moving average price of C$5.72. The stock has a market capitalization of C$759.84 million, a PE ratio of 16.05 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31.

Insider Transactions at Rogers Sugar

In other Rogers Sugar news, Senior Officer Patrick Dionne sold 50,352 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 owned by corporate 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.