Rogers Sugar (TSE:RSI) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Rogers Sugar shares crossed above their 200‑day moving average
• Analyst views are mixed: several brokers raised price targets to C$7.00 while others downgraded, leaving a MarketBeat consensus rating of Hold with an average target of C$6.90.
• The company announced a quarterly dividend of C$0.09 (C$0.36 annualized), implying a 5.4% yield; the ex‑dividend date is Mar 27 and payment is scheduled for Apr 15.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.28 and traded as high as C$6.68. Rogers Sugar shares last traded at C$6.68, with a volume of 449,878 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on RSI. National Bank Financial boosted their price objective on shares of Rogers Sugar from C$6.25 to C$7.00 and gave the stock a "sector perform" rating in a report on Friday, November 28th. TD Securities cut Rogers Sugar from a "buy" rating to a "hold" rating and set a C$7.00 price target on the stock. in a research note on Friday, November 28th. BMO Capital Markets raised their price objective on Rogers Sugar from C$6.50 to C$7.00 and gave the company a "market perform" rating in a research note on Friday, November 28th. Finally, Scotiabank downgraded Rogers Sugar from a "hold" rating to a "strong sell" rating and dropped their price objective for the stock from C$6.50 to C$6.00 in a report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rogers Sugar has a consensus rating of "Hold" and an average target price of C$6.90.

Rogers Sugar Price Performance

The company has a market cap of C$856.48 million, a P/E ratio of 11.32 and a beta of 0.89. The stock has a 50-day simple moving average of C$6.43 and a 200 day simple moving average of C$6.28. The company has a debt-to-equity ratio of 92.00, a quick ratio of 0.56 and a current ratio of 2.20.

Rogers Sugar (TSE:RSI - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$298.19 million during the quarter. Rogers Sugar had a return on equity of 16.98% and a net margin of 6.00%. On average, equities analysts expect that Rogers Sugar Inc. will post 0.5597668 EPS for the current year.

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, March 27th. Rogers Sugar's payout ratio is 61.02%.

About Rogers Sugar

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.

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