Lassonde Industries (TSE:LAS.A) Given New C$187.00 Price Target at National Bankshares

Lassonde Industries (TSE:LAS.A) had its target price lifted by equities research analysts at National Bankshares from C$181.00 to C$187.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 11.98% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Lassonde Industries from C$175.00 to C$180.00 and gave the company a “buy” rating in a report on Monday, June 24th. Desjardins raised their price target on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a research report on Monday.

Lassonde Industries Price Performance

Shares of LAS.A traded down C$1.21 during mid-day trading on Monday, hitting C$167.00. 1,669 shares of the company traded hands, compared to its average volume of 1,694. The stock has a market capitalization of C$512.69 million, a price-to-earnings ratio of 12.09 and a beta of -0.16. The company has a current ratio of 1.72, a quick ratio of 0.55 and a debt-to-equity ratio of 21.56. The business has a 50-day moving average of C$151.89 and a 200 day moving average of C$149.46. Lassonde Industries has a one year low of C$123.91 and a one year high of C$170.00.

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.