Rogers Sugar Inc (TSE:RSI) had its price target hoisted by research analysts at Scotiabank from C$7.00 to C$7.50 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 22.55% from the stock’s previous close.

Several other research analysts also recently commented on the stock. National Bank Financial reaffirmed a “sector perform” rating and issued a C$6.75 price target on shares of Rogers Sugar in a research note on Monday, July 31st. Desjardins reaffirmed a “buy” rating and issued a C$7.00 price target on shares of Rogers Sugar in a research note on Wednesday, October 18th. BMO Capital Markets raised shares of Rogers Sugar from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$6.75 to C$7.00 in a research note on Monday, July 31st. Finally, TD Securities raised their price target on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$7.15.

Rogers Sugar (TSE:RSI) traded up C$0.07 during trading 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 12-month low of C$5.90 and a 12-month high of C$6.94.

ILLEGAL ACTIVITY WARNING: “Scotiabank Raises Rogers Sugar Inc (RSI) Price Target to C$7.50” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/21/scotiabank-raises-rogers-sugar-inc-rsi-price-target-to-c7-50.html.

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)

Receive News & Ratings for Rogers Sugar Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Sugar Inc and related companies with MarketBeat.com's FREE daily email newsletter.