Stifel Nicolaus Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Lassonde Industries (TSE:LAS.A) had its price target hoisted by analysts at Stifel Nicolaus from C$225.00 to C$243.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 12.08% from the stock’s current price.

Several other research analysts have also issued reports on the stock. National Bankshares lifted their price target on shares of Lassonde Industries from C$213.00 to C$223.00 and gave the company a “sector perform” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on Lassonde Industries from C$225.00 to C$240.00 and gave the company a “buy” rating in a research report on Monday. Finally, Desjardins raised Lassonde Industries from a “hold” rating to a “buy” rating and boosted their price target for the company from C$205.00 to C$255.00 in a report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$228.20.

Lassonde Industries Price Performance

TSE:LAS.A traded up C$3.80 during mid-day trading on Monday, reaching C$216.80. The stock had a trading volume of 1,593 shares, compared to its average volume of 2,867. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The firm has a 50 day moving average price of C$187.99 and a two-hundred day moving average price of C$181.48. The stock has a market capitalization of C$665.58 million, a P/E ratio of 14.41 and a beta of -0.15. Lassonde Industries has a one year low of C$132.99 and a one year high of C$217.00.

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.