Rogers Sugar (TSE:RSI) Reaches New 52-Week High – Here’s Why

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

Analysts Set New Price Targets

A number of research firms have weighed in on RSI. BMO Capital Markets upped their target price on Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, November 29th. Scotiabank set a C$6.25 price target on Rogers Sugar and gave the company a “sector perform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$6.55.

Rogers Sugar Stock Up 2.6 %

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

Rogers Sugar Company Profile

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.