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

Lassonde Industries (TSE:LAS.A) had its target price boosted by equities research analysts at Desjardins from C$175.00 to C$190.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price would suggest a potential upside of 13.77% from the company’s current price.

A number of other equities analysts have also commented on the company. Canaccord Genuity Group increased their price target on Lassonde Industries from C$175.00 to C$180.00 and gave the company a “buy” rating in a research note on Monday, June 24th. National Bankshares dropped their price target on Lassonde Industries from C$182.00 to C$181.00 in a research note on Wednesday, July 10th.

Lassonde Industries Trading Down 0.7 %

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’s stock traded hands, compared to its average volume of 1,694. The company has a quick ratio of 0.55, a current ratio of 1.72 and a debt-to-equity ratio of 21.56. 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 capitalization of C$512.69 million, a P/E ratio of 12.09 and a beta of -0.16. The business’s 50-day moving average price is C$151.89 and its 200-day moving average price is C$149.46.

About Lassonde Industries

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.