Lassonde Industries (TSE:LAS.A) Price Target Raised to C$190.00

Lassonde Industries (TSE:LAS.A) had its price target boosted by equities research analysts at Desjardins from C$175.00 to C$190.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 13.77% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Lassonde Industries from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. National Bankshares decreased their price target on shares of Lassonde Industries from C$182.00 to C$181.00 in a research report on Wednesday, July 10th.

Lassonde Industries Price Performance

Shares of LAS.A stock traded down C$1.21 during midday trading on Monday, reaching C$167.00. 1,669 shares of the company traded hands, compared to its average volume of 1,694. The company has a debt-to-equity ratio of 21.56, a current ratio of 1.72 and a quick ratio of 0.55. Lassonde Industries has a 1-year low of C$123.91 and a 1-year high of C$170.00. The firm has a market cap of C$512.69 million, a PE ratio of 12.09 and a beta of -0.16. The firm’s 50 day simple moving average is C$151.89 and its two-hundred day simple moving average is C$149.46.

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.