Today’s Rating On Watch: Rogers Sugar Inc (TSE:RSI) Had Its Price Target Upped by Researchers at Scotia Capital to $6.50

November 25, 2016 - By Marguerite Chambers

Rogers Sugar Inc (TSE:RSI) Price Target Change

In analysts report issued to clients and investors by Scotia Capital on Friday morning, Rogers Sugar Inc (TSE:RSI) had its target price raised to $6.50. The firm right now has Sector Perform rating on the stock.

Rogers Sugar Inc (TSE:RSI) Ratings Coverage

Out of 3 analysts covering Rogers Sugar Inc (TSE:RSI), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $6.50 is the highest target while $4.25 is the lowest. The $5.83 average target is -9.47% below today’s ($6.44) stock price. Rogers Sugar Inc has been the topic of 4 analyst reports since November 20, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Market Perform” rating and $6.50 target price in Thursday, November 24 report. As per Thursday, November 26, the company rating was maintained by National Bank Canada.

About 62,293 shares traded hands. Rogers Sugar Inc (TSE:RSI) has risen 29.90% since April 21, 2016 and is uptrending. It has outperformed by 24.49% the S&P500.

Rogers Sugar Inc. is a Canada-based company, which is engaged in the refining, packaging and marketing of sugar products. The company has a market cap of $631.91 million. The Firm holds all of the common shares of Lantic Inc. , which operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the Canadian sugar beet processing facility in Taber, Alberta. It has a 10 P/E ratio. In Eastern Canada, the Company markets sugar products under the Lantic trade name and include granulated, icing, cube, liquid, yellow and brown sugars.

RSI Company Profile

Rofin-Sinar Technologies Inc., incorporated on July 19, 1996, is engaged in the designing, development, engineering, manufacturing and marketing of laser products used for cutting, welding and marking a range of materials. The Company’s product portfolio ranges from single laser-beam sources to highly complex systems, covering all of the key laser technologies such as CO2 lasers, fiber, solid-state and diode lasers, and the entire power spectrum, from single-digit watts up to multi-kilowatts, as well as a comprehensive spectrum of wavelengths. The Firm offers a range of laser products and related services for three material processing applications: cutting, welding, and surface treatment (macro applications); marking, and fine cutting, fine welding, micro drilling, and micro structuring (micro applications). The Firm provides a range of laser sources and laser system solutions to the following principal target markets: the machine tool, automotive, semiconductor, electronics and photovoltaic industries. The Company’s product categories include Laser macro products, Laser marking products, Laser micro products and Components. The products are sold directly to end-users and to original equipment manufacturers (OEMs).

More news for Rogers Sugar Inc (TSE:RSI) were recently published by: Reuters.com, which released: “BRIEF-Rogers Sugar Inc declares dividend to shareholders” on November 23, 2016. Reuters.com‘s article titled: “BRIEF-Rogers Sugar Inc 4th quarter 2016 results” and published on November 23, 2016 is yet another important article.

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