Rogers Sugar Inc. (RSI.TO) (TSE:RSI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.17 and traded as high as C$5.27. Rogers Sugar Inc. (RSI.TO) shares last traded at C$5.22, with a volume of 213,278 shares.
Several equities research analysts have commented on RSI shares. National Bank Financial upgraded shares of Rogers Sugar Inc. (RSI.TO) from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from C$4.25 to C$5.00 in a research report on Wednesday, December 2nd. Scotiabank boosted their price target on shares of Rogers Sugar Inc. (RSI.TO) from C$5.50 to C$5.75 in a research report on Thursday, February 4th. TD Securities boosted their price target on shares of Rogers Sugar Inc. (RSI.TO) from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Thursday, November 26th. Finally, BMO Capital Markets boosted their price target on shares of Rogers Sugar Inc. (RSI.TO) from C$5.00 to C$6.00 in a research report on Thursday, November 26th.
The stock has a 50 day moving average of C$5.47 and a two-hundred day moving average of C$5.17. The stock has a market cap of C$540.46 million and a PE ratio of 16.26. The company has a debt-to-equity ratio of 144.96, a quick ratio of 0.54 and a current ratio of 1.71.
Rogers Sugar Inc. (RSI.TO) (TSE:RSI) last issued its quarterly earnings results on Wednesday, November 25th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$246.21 million during the quarter, compared to analysts’ expectations of C$225.70 million. Analysts expect that Rogers Sugar Inc. will post 0.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 13th. Investors of record on Wednesday, March 31st will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $0.36 dividend on an annualized basis and a yield of 6.90%. Rogers Sugar Inc. (RSI.TO)’s dividend payout ratio is currently 112.15%.
In related news, Senior Officer Michael Walton purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The shares were purchased at an average price of C$5.65 per share, with a total value of C$56,500.00. Following the purchase, the insider now owns 50,465 shares of the company’s stock, valued at approximately C$285,127.25.
Rogers Sugar Inc. (RSI.TO) Company Profile (TSE:RSI)
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. The company operates through two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.
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