Rogers Sugar (TSE:RSI) Given New C$7.00 Price Target at BMO Capital Markets

Rogers Sugar (TSE:RSI) had its price target hoisted by analysts at BMO Capital Markets from C$6.50 to C$7.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 15.13% from the company’s current price.

Separately, Scotiabank set a C$6.25 price objective on shares of Rogers Sugar and gave the stock a “sector perform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Rogers Sugar currently has an average rating of “Hold” and a consensus target price of C$6.55.

Rogers Sugar Stock Up 1.5 %

TSE RSI traded up C$0.09 during midday trading on Friday, hitting C$6.08. 683,320 shares of the company traded hands, compared to its average volume of 183,371. Rogers Sugar has a 52 week low of C$5.12 and a 52 week high of C$6.14. The company’s 50-day simple moving average is C$5.70 and its 200-day simple moving average is C$5.68. The company has a market cap of C$777.75 million, a PE ratio of 16.49 and a beta of 0.60. The company has a debt-to-equity ratio of 100.31, a current ratio of 1.66 and a quick ratio of 0.56.

About Rogers Sugar

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.