Michael Walton Sells 20,000 Shares of Rogers Sugar Inc. (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) Senior Officer Michael Walton sold 20,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of C$5.96, for a total value of C$119,200.00.

Rogers Sugar Stock Performance

Shares of RSI stock opened at C$6.00 on Friday. The company has a market capitalization of C$767.52 million, a P/E ratio of 16.22 and a beta of 0.60. Rogers Sugar Inc. has a fifty-two week low of C$5.12 and a fifty-two week high of C$6.47. The company has a debt-to-equity ratio of 100.31, a quick ratio of 0.56 and a current ratio of 1.66. The stock has a 50 day moving average price of C$5.82 and a two-hundred day moving average price of C$5.72.

Rogers Sugar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Friday, December 27th. Rogers Sugar’s dividend payout ratio (DPR) is currently 97.30%.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, November 29th. Scotiabank set a C$6.25 price objective on Rogers Sugar and gave the stock a “sector perform” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$6.55.

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.