National Bankshares Forecasts Strong Price Appreciation for Rogers Sugar (TSE:RSI) Stock

Rogers Sugar (TSE:RSI) had its price objective lifted by equities research analysts at National Bankshares from C$6.25 to C$7.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 14.94% from the stock’s previous close.

Separately, Desjardins raised their target price on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the company a “buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Rogers Sugar currently has an average rating of “Hold” and a consensus target price of C$6.90.

Rogers Sugar Stock Performance

TSE RSI opened at C$6.09 on Friday. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. Rogers Sugar has a 1-year low of C$5.22 and a 1-year high of C$6.49. The business has a 50 day simple moving average of C$6.30 and a two-hundred day simple moving average of C$6.01. The stock has a market capitalization of C$780.63 million, a PE ratio of 12.43 and a beta of 0.71.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products.