Rogers Sugar (TSE:RSI - Free Report) had its price target lowered by BMO Capital Markets from C$7.00 to C$6.50 in a report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.
Separately, Scotiabank raised Rogers Sugar to a "hold" rating in a research report on Friday, December 27th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$6.40.
View Our Latest Stock Analysis on RSI
Rogers Sugar Stock Performance
RSI traded down C$0.05 during midday trading on Friday, hitting C$5.31. 597,356 shares of the company were exchanged, compared to its average volume of 266,538. The company's 50 day simple moving average is C$5.91 and its 200 day simple moving average is C$5.74. The firm has a market capitalization of C$679.26 million, a price-to-earnings ratio of 14.35 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. Rogers Sugar has a 1-year low of C$5.12 and a 1-year high of C$6.47.
Rogers Sugar Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar's payout ratio is currently 97.30%.
Insider Activity at Rogers Sugar
In related news, Senior Officer Patrick Dionne sold 50,352 shares of the firm's stock in a transaction dated 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 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 value of C$119,200.00. 0.28% of the stock is currently owned by corporate insiders.
About Rogers Sugar
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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.
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