Rogers Sugar (TSE:RSI) Given New C$7.50 Price Target at Desjardins

Key Points

• Desjardins has raised the target price for Rogers Sugar from C$7.25 to C$7.50, maintaining a "buy" rating on the stock.
• The company's shares increased by 4.9% on the day of the announcement, reaching a price of C$6.24.
• Rogers Sugar, with a market capitalization of C$796.21 million, focuses on refining and distributing a variety of sugar and maple products both domestically and internationally.

Rogers Sugar (TSE:RSI - Get Free Report) had its target price increased by investment analysts at Desjardins from C$7.25 to C$7.50 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 20.19% from the company's current price.

Rogers Sugar Stock Up 4.9%

Shares of RSI stock traded up C$0.29 on Wednesday, hitting C$6.24. The stock had a trading volume of 799,070 shares, compared to its average volume of 215,196. The firm has a market capitalization of C$796.21 million, a price-to-earnings ratio of 14.29 and a beta of 0.60. The stock's 50 day moving average is C$5.66 and its 200-day moving average is C$5.58. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.56 and a current ratio of 1.39. Rogers Sugar has a 52-week low of C$5.22 and a 52-week high of C$6.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.