Rogers Sugar (TSE:RSI) Price Target Raised to C$7.50

Rogers Sugar (TSE:RSI) had its target price hoisted by Desjardins from C$7.25 to C$7.50 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Rogers Sugar’s FY2025 earnings at $0.56 EPS and FY2026 earnings at $0.54 EPS.

Rogers Sugar Trading Up 0.6%

TSE:RSI opened at C$6.23 on Wednesday. The company’s 50 day moving average price is C$5.70 and its 200-day moving average price is C$5.59. Rogers Sugar has a 52 week low of C$5.22 and a 52 week high of C$6.47. 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$794.93 million, a price-to-earnings ratio of 14.26 and a beta of 0.60.

Rogers Sugar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.8%. Rogers Sugar’s payout ratio is 82.41%.

About Rogers Sugar

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.