Rogers Sugar (TSE:RSI) Hits New 52-Week High – Here’s What Happened

Rogers Sugar Inc. (TSE:RSI) hit a new 52-week high on Thursday . The company traded as high as C$6.47 and last traded at C$6.45, with a volume of 390841 shares trading hands. The stock had previously closed at C$6.23.

Analyst Ratings Changes

Several research analysts have issued reports on RSI shares. BMO Capital Markets raised their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a research report on Friday, November 29th. Scotiabank set a C$6.25 price target on Rogers Sugar and gave the stock a “sector perform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$6.55.

Rogers Sugar Trading Up 2.6 %

The firm has a market cap of C$817.41 million, a PE ratio of 16.84 and a beta of 0.60. The company’s fifty day moving average price is C$5.73 and its two-hundred day moving average price is C$5.69. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31.

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.