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

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

Separately, Scotiabank upgraded Rogers Sugar to a “hold” rating in a research note on Friday, December 27th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$6.40.

Rogers Sugar Trading Down 1.8 %

Shares of TSE:RSI opened at C$5.57 on Friday. Rogers Sugar has a one year low of C$5.12 and a one year high of C$6.47. The stock has a market capitalization of C$712.51 million, a PE ratio of 15.05 and a beta of 0.60. The company has a debt-to-equity ratio of 100.31, a current ratio of 1.66 and a quick ratio of 0.56. The company’s 50-day moving average price is C$5.91 and its two-hundred day moving average price is C$5.74.

Rogers Sugar Dividend Announcement

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

Insider Buying and Selling

In other news, Senior Officer Patrick Dionne sold 50,352 shares of the firm’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 transaction of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were 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.