Lassonde Industries (TSE:LAS.A) Sets New 52-Week High Following Analyst Upgrade

Shares of Lassonde Industries Inc (TSE:LAS.A) reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$255.00 to C$265.00. The stock traded as high as C$236.00 and last traded at C$236.00, with a volume of 3274 shares. The stock had previously closed at C$228.50.

Separately, National Bankshares set a C$237.00 target price on Lassonde Industries and gave the company a “sector perform” rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Lassonde Industries has an average rating of “Moderate Buy” and a consensus price target of C$249.25.

Lassonde Industries Trading Up 3.7%

The firm has a 50 day moving average of C$216.68 and a 200 day moving average of C$216.04. The firm has a market cap of C$1.62 billion, a PE ratio of 13.98 and a beta of -0.65. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.