Rogers Sugar’s (RSI) “Hold” Rating Reaffirmed at Desjardins

Desjardins reaffirmed their hold rating on shares of Rogers Sugar (TSE:RSIGet Rating) in a research report report published on Friday, reports.

RSI has been the subject of several other research reports. BMO Capital Markets increased their price objective on shares of Rogers Sugar from C$6.00 to C$6.50 in a research report on Friday, February 11th. National Bankshares increased their price objective on shares of Rogers Sugar from C$5.25 to C$5.75 and gave the company a sector perform rating in a research report on Wednesday, May 4th.

Shares of TSE:RSI opened at C$6.29 on Friday. The company has a debt-to-equity ratio of 126.41, a quick ratio of 0.57 and a current ratio of 2.33. The firm has a fifty day moving average price of C$6.22 and a 200 day moving average price of C$6.02. Rogers Sugar has a fifty-two week low of C$5.31 and a fifty-two week high of C$6.39. The firm has a market cap of C$652.47 million and a price-to-earnings ratio of 13.35.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Thursday, June 30th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Wednesday, June 29th. Rogers Sugar’s dividend payout ratio is currently 76.43%.

In other news, Senior Officer Michael Walton sold 32,000 shares of the stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of C$5.85, for a total value of C$187,200.00. Following the sale, the insider now owns 64,106 shares of the company’s stock, valued at C$375,020.10. Also, Senior Officer John Holliday sold 88,000 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of C$6.29, for a total transaction of C$553,238.40. Following the completion of the transaction, the insider now directly owns 115,214 shares in the company, valued at approximately C$724,327.38.

Rogers Sugar Company Profile (Get Rating)

Rogers Sugar Inc engages in refining, packaging, and marketing sugar and maple products. The company operates through two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.

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