Rogers Sugar Inc (RSI) Given New C$6.50 Price Target at Scotiabank
Rogers Sugar Inc (TSE:RSI) had its price target boosted by investment analysts at Scotiabank from C$6.00 to C$6.50 in a report issued on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 1.09% from the company’s current price.
A number of other research analysts also recently commented on the company. BMO Capital Markets increased their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the company a “hold” rating in a research report on Thursday. TD Securities restated a “market perform” rating and set a C$6.50 price target (up previously from C$6.00) on shares of Rogers Sugar in a report on Thursday.
Shares of Rogers Sugar (TSE:RSI) traded up 0.47% during mid-day trading on Friday, hitting $6.46. 64,393 shares of the stock were exchanged. Rogers Sugar has a 12 month low of $4.00 and a 12 month high of $6.74. The firm has a market cap of $606.27 million and a P/E ratio of 11.12. The stock’s 50 day moving average is $6.26 and its 200 day moving average is $6.14.
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Rogers Sugar Company Profile
Rogers Sugar Inc is a Canada-based company, which is engaged in the refining, packaging and marketing of sugar products. The Company holds all of the common shares of Lantic Inc (Lantic), which operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the Canadian sugar beet processing facility in Taber, Alberta.
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