Rogers Sugar (OTCMKTS:RSGUF) Trading 4.1% Higher – Still a Buy?

Rogers Sugar Inc. (OTCMKTS:RSGUF)’s share price traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $4.85 and last traded at $4.79. 126,818 shares were traded during mid-day trading, an increase of 277% from the average session volume of 33,595 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

RSGUF has been the subject of several recent research reports. TD Securities cut Rogers Sugar to a “hold” rating in a report on Friday, November 28th. National Bankshares reissued a “sector perform” rating on shares of Rogers Sugar in a research note on Friday, November 28th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Rogers Sugar currently has a consensus rating of “Hold”.

Rogers Sugar Stock Up 4.1%

The firm has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $4.44.

About Rogers Sugar

Rogers Sugar Inc is a Canada-based sugar refining and distribution company that processes raw sugar cane and sugar beet into a range of refined sugar, liquid sugar, specialty sweeteners, molasses and syrups. The company’s product portfolio serves retail grocers, industrial food and beverage manufacturers, foodservice distributors and export markets. Through its packaging and private-label capabilities, Rogers Sugar provides granulated, powdered and specialty formats designed to meet the needs of both household consumers and large-scale food producers.

With roots dating back to 1890 in Vancouver, British Columbia, Rogers Sugar has grown through strategic acquisitions to become one of Canada’s leading sugar refiners.