Todays Report: Today, Scotiabank Raises Rogers Sugar Inc (RSI) Price Target to C$6.50

Today, Scotiabank Raises Rogers Sugar Inc (RSI) Price Target to C$6.50

Rogers Sugar Inc (TSE:RSI) had its price objective raised by equities researchers at Scotiabank from C$6.00 to C$6.50 in a research report issued on Friday, StockTargetPrices.com reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 1.09% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets reissued a “market perform” rating and set a C$6.25 price target on shares of Rogers Sugar in a research report on Thursday, July 28th. TD Securities upped their price target on Rogers Sugar from C$5.50 to C$6.00 and gave the company a “hold” rating in a research report on Thursday, July 28th.

Shares of Rogers Sugar (TSE:RSI) traded up 0.62% during midday trading on Friday, hitting $6.47. 69,985 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.26 and a 200 day moving average of $6.14. Rogers Sugar has a 52 week low of $4.00 and a 52 week high of $6.74. The stock has a market cap of $607.21 million and a P/E ratio of 11.14.

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