Rogers Sugar Inc. (TSE:RSI) Director Buys C$813,000.00 in Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross purchased 150,000 shares of Rogers Sugar stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of C$5.42 per share, for a total transaction of C$813,000.00.

Rogers Sugar Stock Down 0.9 %

Shares of Rogers Sugar stock traded down C$0.05 on Tuesday, reaching C$5.45. 249,530 shares of the company were exchanged, compared to its average volume of 290,994. Rogers Sugar Inc. has a 1-year low of C$5.12 and a 1-year high of C$6.47. The company has a market cap of C$695.40 million, a P/E ratio of 12.48 and a beta of 0.60. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The stock’s 50 day moving average price is C$5.81 and its 200-day moving average price is C$5.73.

Rogers Sugar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s payout ratio is 82.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank cut their price objective on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. BMO Capital Markets dropped their target price on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$6.40.

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.