Rogers Sugar Inc. (RSI) Rating Reiterated by TD Securities
Rogers Sugar Inc. (TSE:RSI)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a research report issued on Wednesday. They presently have a C$7.00 price objective on the stock. TD Securities’ price target indicates a potential upside of 7.69% from the company’s current price.
A number of other research analysts have also commented on RSI. Scotiabank lifted their price objective on shares of Rogers Sugar from C$7.00 to C$7.50 and gave the company an “outperform” rating in a research note on Tuesday. Desjardins boosted their price target on shares of Rogers Sugar from C$7.00 to C$7.25 in a research note on Tuesday. BMO Capital Markets upgraded shares of Rogers Sugar from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$6.75 to C$7.00 in a research note on Monday, July 31st. Finally, National Bank Financial reiterated a “sector perform” rating and set a C$6.75 price target on shares of Rogers Sugar in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$7.15.
Shares of Rogers Sugar (TSE:RSI) traded up C$0.38 on Wednesday, reaching C$6.50. 653,318 shares of the company were exchanged, compared to its average volume of 157,117. 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, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar products in Canada. It offers white and cubes granulated, Plantation Raw, brown, icing, Steva, liquid, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.
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