Insider Buying: Rogers Sugar Inc (TSE:RSI) Senior Officer Purchases 2,000 Shares of Stock
Rogers Sugar Inc (TSE:RSI) Senior Officer Jean-Francois Khalil purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of C$5.28 per share, for a total transaction of C$10,560.00. Following the purchase, the insider now owns 19,440 shares in the company, valued at C$102,643.20.
Shares of TSE RSI traded up C$0.11 during mid-day trading on Friday, hitting C$5.29. 191,900 shares of the company’s stock traded hands, compared to its average volume of 107,979. The company’s 50-day moving average is C$5.54 and its two-hundred day moving average is C$5.85. The company has a debt-to-equity ratio of 100.89, a current ratio of 1.79 and a quick ratio of 0.46. The company has a market capitalization of $543.94 million and a P/E ratio of 13.67. Rogers Sugar Inc has a 1 year low of C$5.15 and a 1 year high of C$6.17.
Several analysts have commented on RSI shares. TD Securities decreased their price target on shares of Rogers Sugar from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Desjardins decreased their price target on shares of Rogers Sugar from C$6.00 to C$5.25 in a research note on Friday, August 2nd. National Bank Financial decreased their target price on shares of Rogers Sugar from C$5.50 to C$5.25 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Finally, BMO Capital Markets decreased their target price on shares of Rogers Sugar from C$5.50 to C$5.00 in a research report on Friday, August 2nd.
Rogers Sugar Inc, through its subsidiary, Lantic Inc, engages in refining, packaging, and marketing sugar and maple products. It offers granulated, plantation raw, brown, organic, icing, maple, stevia, smart sweetener blend, and coconut sugar, as well as syrups, jam and jelly mixes, iced tea mixes, and hot chocolate mixes.
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