Rogers Sugar (TSE:RSI) Stock Rating Lowered by Scotiabank

Rogers Sugar (TSE:RSI) was downgraded by Scotiabank from a “hold” rating to a “strong sell” rating in a research note issued on Friday, MarketBeat.com reports. They presently have a C$6.00 target price on the stock, down from their prior target price of C$6.50. Scotiabank’s target price would suggest a potential downside of 6.40% from the company’s current price.

RSI has been the subject of several other reports. National Bankshares raised their price target on Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. BMO Capital Markets increased their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research report on Friday, November 28th. Finally, TD Securities lowered shares of Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 target price on the stock. in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Price Performance

Shares of RSI opened at C$6.41 on Friday. The company has a market cap of C$821.86 million, a P/E ratio of 13.08 and a beta of 0.77. The firm’s 50 day moving average price is C$6.06 and its 200 day moving average price is C$6.16. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41. Rogers Sugar has a fifty-two week low of C$5.22 and a fifty-two week high of C$6.67.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$298.19 million for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. On average, research analysts forecast that Rogers Sugar will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Company Profile

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.