Rogers Sugar Inc (RSI) Receives Buy Rating from Desjardins
Rogers Sugar Inc (TSE:RSI)‘s stock had its “buy” rating reaffirmed by research analysts at Desjardins in a research report issued on Wednesday. They currently have a C$7.00 target price on the stock. Desjardins’ target price suggests a potential upside of 12.54% from the stock’s previous close.
A number of other analysts have also recently issued reports on RSI. TD Securities upped their target price on Rogers Sugar from C$6.50 to C$7.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. BMO Capital Markets raised Rogers Sugar from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$6.75 to C$7.00 in a research report on Monday, July 31st. National Bank Financial reaffirmed a “sector perform” rating and set a C$6.75 price objective on shares of Rogers Sugar in a research report on Monday, July 31st. Finally, Scotiabank raised Rogers Sugar from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$6.50 to C$7.00 in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$6.95.
Rogers Sugar (TSE:RSI) traded up 0.96% during trading on Wednesday, reaching $6.29. The company’s stock had a trading volume of 206,672 shares. Rogers Sugar has a 52 week low of $5.90 and a 52 week high of $6.94. The company has a market capitalization of $665.02 million and a PE ratio of 17.28. The company has a 50 day moving average price of $6.33 and a 200-day moving average price of $6.33.
About Rogers Sugar
Rogers Sugar Inc holds all of the common shares of Lantic Inc (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region.
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