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

Rogers Sugar Inc. (TSE:RSI) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$6.15.

A number of research firms have recently commented on RSI. 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. 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. Finally, TD Securities raised Rogers Sugar from a “hold” rating to a “buy” rating and set a C$6.50 price target on the stock in a research report on Tuesday, March 5th.

Rogers Sugar Trading Down 0.6 %

TSE:RSI opened at C$5.21 on Wednesday. Rogers Sugar has a 1-year low of C$4.96 and a 1-year high of C$6.41. The business’s 50-day moving average price is C$5.28 and its two-hundred day moving average price is C$5.36. The company has a current ratio of 1.82, a quick ratio of 0.56 and a debt-to-equity ratio of 145.32. The firm has a market capitalization of C$666.46 million, a price-to-earnings ratio of 12.40 and a beta of 0.58.

Rogers Sugar (TSE:RSI) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$288.70 million for the quarter, compared to analyst estimates 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 analysts expect that Rogers Sugar will post 0.4298755 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.91%. Rogers Sugar’s payout ratio is presently 85.71%.

Insider Buying and Selling

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

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.