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

Scotiabank upgraded shares of Rogers Sugar (TSE:RSI) to a hold rating in a report issued on Friday morning,Zacks.com reports.

Separately, BMO Capital Markets upped their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a 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 stock. According to data from MarketBeat, Rogers Sugar currently has an average rating of “Hold” and a consensus target price of C$6.55.

Rogers Sugar Trading Down 1.3 %

TSE RSI opened at C$5.94 on Friday. Rogers Sugar has a 52 week low of C$5.12 and a 52 week high of C$6.47. The business has a 50 day moving average price of C$5.84 and a 200-day moving average price of C$5.72. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31. The company has a market cap of C$759.84 million, a price-to-earnings ratio of 16.05 and a beta of 0.60.

Rogers Sugar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 9th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.36 annualized dividend and a dividend yield of 6.06%. Rogers Sugar’s payout ratio is 97.30%.

Insider Activity at Rogers Sugar

In other Rogers Sugar news, Senior Officer Patrick Dionne sold 50,352 shares of Rogers Sugar 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 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 insiders.

Rogers Sugar Company Profile

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.