Rogers Sugar Inc. (RSI) Director Buys C$35,786.00 in Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross acquired 5,800 shares of the company’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of C$6.17 per share, for a total transaction of C$35,786.00.

Rogers Sugar Inc. (TSE RSI) remained flat at $C$6.23 during midday trading on Monday. 416,520 shares of the company’s stock traded hands, compared to its average volume of 161,522. Rogers Sugar Inc. has a one year low of C$5.90 and a one year high of C$6.94.

A number of research analysts recently commented on the stock. BMO Capital Markets dropped their target price on shares of Rogers Sugar from C$7.50 to C$7.00 in a research report on Friday. TD Securities reaffirmed a “hold” rating and issued a C$7.00 target price on shares of Rogers Sugar in a research report on Wednesday, November 22nd. National Bank Financial reaffirmed a “sector perform” rating and issued a C$6.75 target price on shares of Rogers Sugar in a research report on Monday, July 31st. Scotiabank increased their target price on shares of Rogers Sugar from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research report on Tuesday, November 21st. Finally, Desjardins increased their target price on shares of Rogers Sugar from C$7.00 to C$7.25 in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$7.10.

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About Rogers Sugar

Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar products in Canada. It offers white and cubes granulated, Plantation Raw, brown, icing, Steva, liquid, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.

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