Lassonde Industries (TSE:LAS.A) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Lassonde Industries Inc (TSE:LAS.A) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$221.27 and traded as high as C$232.60. Lassonde Industries shares last traded at C$231.09, with a volume of 435 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on Lassonde Industries from C$255.00 to C$265.00 in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$249.25.

Lassonde Industries Trading Up 0.7%

The business has a 50 day moving average of C$221.27 and a 200 day moving average of C$219.14. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 12.83 and a beta of -0.71. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

About Lassonde Industries

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.