Rogers Sugar (TSE:RSI) Hits New 52-Week High – Time to Buy?

Rogers Sugar Inc. (TSE:RSI)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$5.99 and last traded at C$5.95, with a volume of 818174 shares trading hands. The stock had previously closed at C$5.67.

Analyst Ratings Changes

Separately, Scotiabank set a C$6.25 price objective on Rogers Sugar and gave the company a “sector perform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Rogers Sugar currently has an average rating of “Hold” and an average target price of C$6.55.

Rogers Sugar Price Performance

The company has a current ratio of 1.66, a quick ratio of 0.56 and a debt-to-equity ratio of 100.31. The stock has a market capitalization of C$764.96 million, a price-to-earnings ratio of 16.14 and a beta of 0.60. The stock has a fifty day moving average of C$5.69 and a two-hundred day moving average of C$5.68.

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.