Rogers Sugar (TSE:RSI) was downgraded by research analysts at National Bank Financial from a “sector perform” rating to an “underperform” rating in a research report issued to clients and investors on Friday, BayStreet.CA reports. They currently have a C$4.50 price objective on the stock, down from their prior price objective of C$5.25. National Bank Financial’s target price would indicate a potential downside of 15.25% from the stock’s current price.
A number of other analysts also recently issued reports on RSI. Desjardins decreased their target price on Rogers Sugar from C$6.00 to C$5.25 in a research report on Friday, August 2nd. TD Securities decreased their target price on Rogers Sugar from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, BMO Capital Markets decreased their target price on Rogers Sugar from C$5.50 to C$5.00 in a research report on Friday, August 2nd.
TSE:RSI traded down C$0.12 during trading hours on Friday, reaching C$5.31. The stock had a trading volume of 398,061 shares, compared to its average volume of 106,076. The company has a debt-to-equity ratio of 100.89, a quick ratio of 0.46 and a current ratio of 1.79. The stock has a 50 day simple moving average of C$5.42 and a 200 day simple moving average of C$5.60. Rogers Sugar has a 12-month low of C$5.15 and a 12-month high of C$6.17. The stock has a market cap of $574.39 million and a P/E ratio of 13.72.
About Rogers Sugar
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.
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