Rogers Sugar Inc (TSE:RSI) had its target price upped by Desjardins from C$7.00 to C$7.25 in a research note issued on Tuesday. Desjardins’ price objective points to a potential upside of 18.46% from the stock’s previous close.

Several other research firms have also weighed in on RSI. BMO Capital Markets raised shares of Rogers Sugar from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$6.75 to C$7.00 in a report on Monday, July 31st. Scotiabank raised shares of Rogers Sugar from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$6.50 to C$7.00 in a report on Monday, July 31st. TD Securities lifted their target price on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, National Bank Financial reaffirmed a “sector perform” rating and set a C$6.75 target price on shares of Rogers Sugar in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$7.15.

Rogers Sugar (RSI) traded up C$0.07 during trading hours on Tuesday, hitting C$6.12. 167,208 shares of the stock traded hands, compared to its average volume of 154,892. Rogers Sugar has a 52-week low of C$5.90 and a 52-week high of C$6.94.

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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.

Analyst Recommendations for Rogers Sugar (TSE:RSI)

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