Lassonde Industries (TSE:LAS.A) Stock Price Target Cut by Desjardins

Lassonde Industries (TSE:LAS.A) had its target price lowered by Desjardins from C$275.00 to C$270.00 in a report released on Monday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s price target points to a potential upside of 14.36% from the company’s current price.

LAS.A has been the subject of several other research reports. National Bank Financial upped their target price on shares of Lassonde Industries from C$257.00 to C$264.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Stifel Nicolaus increased their price target on Lassonde Industries from C$280.00 to C$300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Canaccord Genuity Group dropped their price objective on Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating for the company in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Lassonde Industries currently has a consensus rating of “Moderate Buy” and an average price target of C$274.75.

Lassonde Industries Trading Up 1.1%

Shares of LAS.A traded up C$2.64 on Monday, reaching C$236.10. 291 shares of the company’s stock were exchanged, compared to its average volume of 1,828. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The stock has a market capitalization of C$1.61 billion, a P/E ratio of 10.43 and a beta of -0.07. The business has a 50 day moving average price of C$240.41 and a two-hundred day moving average price of C$228.64. Lassonde Industries has a 12 month low of C$202.51 and a 12 month high of C$272.98.

Lassonde Industries (TSE:LAS.A) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$5.94 earnings per share for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. The business had revenue of C$713.34 million for the quarter. Research analysts anticipate that Lassonde Industries will post 18.99 earnings per share for the current year.

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.