Lassonde Industries (TSE:LAS.A) Price Target Raised to C$225.00

Lassonde Industries (TSE:LAS.A) had its price objective boosted by Stifel Nicolaus from C$220.00 to C$225.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 19.07% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Desjardins increased their price objective on Lassonde Industries from C$175.00 to C$190.00 and gave the company a “hold” rating in a research report on Monday, August 12th. National Bankshares increased their price target on shares of Lassonde Industries from C$181.00 to C$187.00 and gave the company an “outperform” rating in a report on Monday, August 12th.

Lassonde Industries Trading Down 1.1 %

Shares of LAS.A traded down C$2.02 during midday trading on Monday, hitting C$188.97. The stock had a trading volume of 819 shares, compared to its average volume of 1,783. Lassonde Industries has a fifty-two week low of C$127.61 and a fifty-two week high of C$191.00. The business has a 50-day simple moving average of C$174.88 and a two-hundred day simple moving average of C$160.43. The firm has a market cap of C$580.14 million, a P/E ratio of 12.56 and a beta of -0.15. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

Insider Transactions at Lassonde Industries

In other news, Director Luc Doyon acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of C$175.00 per share, with a total value of C$87,500.00. Following the acquisition, the director now owns 500 shares in the company, valued at C$87,500. Company insiders own 2.19% of the company’s stock.

Lassonde Industries Company Profile

Lassonde Industries Inc, together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fruit and vegetable juices and drinks in Canada, the United States, and internationally. The company also offers cranberry sauces; and develops, manufactures, and markets specialty food products, including fondue broths and sauces, packaged corn-on-the-cob, and pasta sauces.