Rogers Sugar Inc. (TSE:RSI) Senior Officer Buys C$50,278.72 in Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Jean-Sebastien Couillard acquired 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of C$5.35 per share, for a total transaction of C$50,278.72.

Rogers Sugar Stock Performance

Shares of Rogers Sugar stock opened at C$5.50 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.39 and a debt-to-equity ratio of 104.41. The stock has a market cap of C$701.78 million, a price-to-earnings ratio of 12.59 and a beta of 0.60. The company’s fifty day moving average is C$5.84 and its 200 day moving average is C$5.74. Rogers Sugar Inc. has a twelve month low of C$5.12 and a twelve month high of C$6.47.

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 issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.55%. Rogers Sugar’s dividend payout ratio is presently 82.41%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RSI. BMO Capital Markets dropped their price target on Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Scotiabank reduced their price target on Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.