Brokerages Set Rogers Sugar Inc. (TSE:RSI) Target Price at C$6.15

Rogers Sugar Inc. (TSE:RSI) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$6.15.

Several analysts recently commented on the company. Desjardins set a C$6.25 price target on Rogers Sugar and gave the stock a “hold” rating in a research report on Tuesday, March 5th. National Bankshares set a C$6.00 price target on Rogers Sugar and gave the stock a “sector perform” rating in a research report on Tuesday, March 5th. Finally, TD Securities upgraded Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 price target for the company in a research report on Tuesday, March 5th.

Insider Buying and Selling at Rogers Sugar

In related news, Director Donald Jewell bought 40,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of C$5.18 per share, for a total transaction of C$207,200.00. In other Rogers Sugar news, Director Donald Jewell purchased 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of C$5.18 per share, with a total value of C$207,200.00. Also, Senior Officer Martin Levesque purchased 20,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of C$5.17 per share, for a total transaction of C$103,400.00. Insiders purchased a total of 62,370 shares of company stock worth $323,050 in the last three months. 0.31% of the stock is owned by corporate insiders.

Rogers Sugar Trading Down 0.2 %

Shares of RSI stock opened at C$5.20 on Wednesday. The company has a debt-to-equity ratio of 145.32, a current ratio of 1.82 and a quick ratio of 0.56. The company has a market cap of C$665.18 million, a price-to-earnings ratio of 12.38 and a beta of 0.58. The stock has a 50 day simple moving average of C$5.30 and a 200-day simple moving average of C$5.36. Rogers Sugar has a 1-year low of C$4.96 and a 1-year high of C$6.41.

Rogers Sugar (TSE:RSI) last announced its earnings results on Thursday, February 8th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$288.70 million during the quarter, compared to the consensus estimate of C$263.70 million. Rogers Sugar had a return on equity of 17.10% and a net margin of 4.50%. On average, equities research analysts expect that Rogers Sugar will post 0.4298755 EPS for the current fiscal year.

Rogers Sugar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.92%. The ex-dividend date was Wednesday, March 27th. Rogers Sugar’s payout ratio is currently 85.71%.

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.