Scotiabank Raises Rogers Sugar Inc (RSI) Price Target to C$7.50
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.
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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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