Rogers Sugar Inc. (TSE:RSI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.71 and traded as high as C$6.15. Rogers Sugar shares last traded at C$6.10, with a volume of 244,156 shares.
Analysts Set New Price Targets
A number of brokerages recently issued reports on RSI. Scotiabank set a C$6.25 price target on Rogers Sugar and gave the stock a “sector perform” rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their target price on Rogers Sugar from C$6.50 to C$7.00 in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$6.55.
Check Out Our Latest Stock Report on Rogers Sugar
Rogers Sugar Stock Up 1.2 %
Rogers Sugar Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th will be paid a $0.09 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.36 annualized dividend and a yield of 5.90%. Rogers Sugar’s dividend payout ratio (DPR) is presently 97.30%.
Insider Transactions at Rogers Sugar
In other news, Senior Officer Patrick Dionne sold 50,352 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total transaction of C$320,943.65. Insiders own 0.28% of the company’s stock.
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.
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