Rogers Sugar (TSE:RSI – Free Report) had its price objective raised by BMO Capital Markets from C$6.00 to C$7.00 in a report published on Monday morning, BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.
A number of other research analysts have also issued reports on RSI. National Bankshares upped their price target on shares of Rogers Sugar from C$6.00 to C$6.25 and gave the company a sector perform rating in a research note on Monday. Scotiabank upped their target price on Rogers Sugar from C$6.00 to C$6.50 and gave the company a sector perform rating in a research report on Monday. Desjardins set a C$6.25 price target on Rogers Sugar and gave the stock a hold rating in a research report on Tuesday, March 5th. Finally, TD Securities increased their price objective on Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of C$6.60.
Get Our Latest Stock Report on RSI
Rogers Sugar Stock Performance
Rogers Sugar Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Friday, June 28th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Friday, June 28th. Rogers Sugar’s payout ratio is 85.71%.
Insiders Place Their Bets
In related news, Director Donald Jewell acquired 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of C$5.18 per share, with a total value of C$207,200.00. In related news, Senior Officer Martin Levesque acquired 20,000 shares of the stock in a transaction on Monday, March 4th. The shares were acquired at an average price of C$5.17 per share, for a total transaction of C$103,400.00. Also, Director Donald Jewell bought 40,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of C$5.18 per share, with a total value of C$207,200.00. In the last three months, insiders have purchased 62,370 shares of company stock valued at $323,050. Company 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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