Rogers Sugar Inc. (TSE:RSI - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.52 and traded as high as C$5.56. Rogers Sugar shares last traded at C$5.54, with a volume of 99,746 shares changing hands.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Scotiabank increased their price objective on Rogers Sugar from C$6.00 to C$6.50 and gave the company a "sector perform" rating in a report on Monday, May 13th. National Bankshares raised their target price on Rogers Sugar from C$6.00 to C$6.25 and gave the stock a "sector perform" rating in a research note on Monday, May 13th. TD Securities raised their target price on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, May 10th. BMO Capital Markets raised their target price on Rogers Sugar from C$6.00 to C$7.00 and gave the stock a "market perform" rating in a research note on Monday, May 13th. Finally, Desjardins upgraded Rogers Sugar from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$6.60.
Get Our Latest Research Report on Rogers Sugar
Rogers Sugar Price Performance
The stock has a market capitalization of C$704.84 million, a PE ratio of 14.89 and a beta of 0.60. The stock's 50 day moving average is C$5.66 and its two-hundred day moving average is C$5.52. The company has a debt-to-equity ratio of 99.97, a quick ratio of 0.56 and a current ratio of 1.66.
Rogers Sugar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Friday, September 27th. Rogers Sugar's dividend payout ratio is presently 97.30%.
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.
Further Reading
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