Rogers Sugar Downgraded by NBF to Underperform (RSI)
Rogers Sugar (TSE:RSI) was downgraded by analysts at NBF from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. They currently have a C$4.25 price objective on the stock, down from their previous price objective of C$5.25. NBF’s price target indicates a potential downside of 7.41% from the company’s current price.
A number of other firms have also recently commented on RSI. Analysts at National Bank Financial downgraded shares of Rogers Sugar from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a C$4.25 price target on the stock, down previously from C$5.25. Separately, analysts at BMO Capital Markets downgraded shares of Rogers Sugar from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. Finally, analysts at TD Securities downgraded shares of Rogers Sugar from a “hold” rating to a “reduce” rating in a research note to investors on Tuesday. They now have a C$5.00 price target on the stock. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$14.25.
Rogers Sugar (TSE:RSI) opened at 4.59 on Friday. Rogers Sugar has a 52 week low of $5.13 and a 52 week high of $6.63. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $6.11. The company has a price-to-earnings ratio of 12.73.
Rogers Sugar Inc (TSE:RSI), formerly Rogers Sugar Income Fund, is engaged in selling refined sugar.
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