National Bank Financial Raises Lassonde Industries (TSE:LAS.A) Price Target to C$258.00

Lassonde Industries (TSE:LAS.A) had its price objective lifted by National Bank Financial from C$247.00 to C$258.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 10.26% from the stock’s current price.

Separately, Stifel Nicolaus increased their price objective on Lassonde Industries from C$255.00 to C$265.00 in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$254.50.

Lassonde Industries Stock Down 2.5%

Shares of TSE LAS.A traded down C$5.98 during mid-day trading on Friday, reaching C$234.00. The company had a trading volume of 718 shares, compared to its average volume of 2,006. Lassonde Industries has a twelve month low of C$181.50 and a twelve month high of C$253.85. The stock’s 50 day moving average is C$226.30 and its 200-day moving average is C$221.05. 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 stock has a market capitalization of C$1.60 billion, a PE ratio of 12.99 and a beta of -0.63.

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.