BMO Capital Markets Issues Positive Forecast for Rogers Sugar (TSE:RSI) Stock Price

Rogers Sugar (TSE:RSI) had its price objective raised by BMO Capital Markets from C$6.50 to C$7.00 in a research report report published on Friday morning,BayStreet.CA reports.

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

Rogers Sugar Stock Performance

Shares of TSE:RSI opened at C$6.10 on Friday. The company has a debt-to-equity ratio of 100.31, a current ratio of 1.66 and a quick ratio of 0.56. Rogers Sugar has a 1 year low of C$5.12 and a 1 year high of C$6.14. The firm has a market capitalization of C$780.31 million, a PE ratio of 16.49 and a beta of 0.60. The business’s 50 day moving average price is C$5.71 and its 200-day moving average price is C$5.69.

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.