Rogers Sugar Inc (RSI) Price Target Raised to C$7.50
Rogers Sugar Inc (TSE:RSI) had its price objective lifted by research analysts at Scotiabank from C$7.00 to C$7.50 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 22.55% from the stock’s previous close.
RSI has been the subject of several other research reports. Desjardins reaffirmed a “buy” rating and issued a C$7.00 price objective on shares of Rogers Sugar in a report on Wednesday, October 18th. TD Securities lifted their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets raised Rogers Sugar from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$6.75 to C$7.00 in a report on Monday, July 31st. Finally, National Bank Financial lifted their price objective on Rogers Sugar from C$6.75 to C$7.00 and gave the stock a “sector perform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$7.15.
Shares of Rogers Sugar (TSE RSI) traded up C$0.07 on Tuesday, hitting C$6.12. The company had a trading volume of 167,208 shares, compared to its average volume of 154,892. Rogers Sugar has a one year low of C$5.90 and a one year high of C$6.94.
About Rogers Sugar
Rogers Sugar Inc holds all of the common shares of Lantic Inc (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region.
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