Rogers Sugar (TSE:RSI) Rating Lowered to “Hold” at TD Securities

Rogers Sugar (TSE:RSI) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a C$7.00 price objective on the stock. TD Securities’ price objective would suggest a potential upside of 14.94% from the company’s current price.

Several other brokerages have also issued reports on RSI. National Bankshares boosted their price objective on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday. BMO Capital Markets lifted their price target on shares of Rogers Sugar from C$6.50 to C$7.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Desjardins boosted their price target on shares of Rogers Sugar from C$7.25 to C$7.50 and gave the company a “buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Rogers Sugar has a consensus rating of “Hold” and an average target price of C$6.90.

Rogers Sugar Price Performance

TSE:RSI opened at C$6.09 on Friday. Rogers Sugar has a 52 week low of C$5.22 and a 52 week high of C$6.49. The stock’s fifty day moving average is C$6.30 and its two-hundred day moving average is C$6.01. The company has a market capitalization of C$780.63 million, a P/E ratio of 12.43 and a beta of 0.71. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41.

About Rogers Sugar

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.