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

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

Rogers Sugar Price Performance

Rogers Sugar stock opened at C$5.50 on Monday. The firm has a market cap of C$701.78 million, a PE ratio of 12.59 and a beta of 0.60. Rogers Sugar Inc. has a 52-week low of C$5.12 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 company’s 50 day moving average is C$5.82 and its two-hundred day moving average is C$5.73.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 9th were issued a $0.09 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.55%. Rogers Sugar’s payout ratio is 82.41%.

Wall Street Analyst Weigh In

RSI has been the topic of several recent analyst reports. Scotiabank decreased their price objective on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. BMO Capital Markets reduced their target price on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$6.40.

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.