Rogers Sugar (TSE:RSI) Reaches New 12-Month High – Should You Buy?

Rogers Sugar Inc. (TSE:RSI)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$6.49 and last traded at C$6.46, with a volume of 365986 shares traded. The stock had previously closed at C$6.36.

Wall Street Analyst Weigh In

Separately, Desjardins increased their price objective on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.67.

Rogers Sugar Stock Up 1.4%

The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39. The firm’s 50-day simple moving average is C$6.30 and its 200-day simple moving average is C$6.00. The company has a market capitalization of C$826.34 million, a price-to-earnings ratio of 13.16 and a beta of 0.71.

Rogers Sugar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a $0.09 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.36 annualized dividend and a yield of 5.6%. Rogers Sugar’s payout ratio is presently 73.47%.

About Rogers Sugar

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products.