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Desjardins Securities disclosed Rogers Sugar Inc (TSE:RSI), hiking its price target to $7.25 earlier today

Indicating a possible upside of 0.13%, Desjardins Securities raised the target price of Rogers Sugar Inc (TSE:RSI) to $7.25

Previously on 10/18/2017, Desjardins Securities reported on Rogers Sugar Inc (TSE:RSI) raised the target price from $0.00 to $7.00. At the time, this indicated a possible upside of 0.11%.

Yesterday Rogers Sugar Inc (TSE:RSI) traded 0.64% higher at $6.42. The company’s 50-day moving average is $6.33 and its 200-day moving average is $6.33. The last closing price is up -0.95% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 234,406 shares of the stock were exchanged, up from an average trading volume of 207,405

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Rogers Sugar Inc (TSE:RSI)

Rogers Sugar Inc has a 52 week low of $5.90 and a 52 week high of $6.94 with a P/E ratio of 17.23 RSI’s total market value is presently $0.

A total of 4 equity analysts have released a research note on RSI. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $4.86.

Brief Synopsis About Rogers Sugar Inc (TSE:RSI)

Rogers Sugar Inc. holds all of the common shares of Lantic Inc. (Lantic). Lantic is engaged in sugar business and operates as a refiner, processor, distributor and marketer of sugar products in Canada. As a sugar processor in Western Canada, Lantic supplies over 90% of the demand for refined sugar in that region. Lantic has two cane sugar processing facilities: one in Montreal, Quebec, and one in Vancouver, British Columbia. Lantic also has a beet sugar processing facility in Taber, Alberta. Lantic's sugar products are marketed primarily under the Rogers trade name in Western Canada, and under the Lantic trade name in Eastern Canada. The Company offers granulated, icing, cube, yellow and brown sugars, liquid sugars, Stevia, plantation raw sugar, jam and jelly, dry blending products and specialty syrups. The Company owns and operates a cane sugar refinery on a 12-acre lot in eastern Montreal. The Montreal refinery has refining capacity of approximately 210,000 metric tons per year.

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