Rogers Sugar Inc (RSI) Price Target Raised to C$7.00
Rogers Sugar Inc (TSE:RSI) had its price objective upped by National Bank Financial from C$6.75 to C$7.00 in a research note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 14.38% from the stock’s previous close.
A number of other research analysts also recently issued reports on RSI. Desjardins lifted their price objective on shares of Rogers Sugar from C$7.00 to C$7.25 in a research report on Tuesday. TD Securities lifted their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. BMO Capital Markets raised shares of Rogers Sugar from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$6.75 to C$7.00 in a research report on Monday, July 31st. Finally, Scotiabank raised shares of Rogers Sugar from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$6.50 to C$7.00 in a research report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned 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.
Shares of Rogers Sugar (TSE RSI) traded up C$0.07 during trading on Tuesday, hitting C$6.12. 167,208 shares of the stock were exchanged, 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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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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