Lassonde Industries (TSE:LAS.A) Reaches New 12-Month High – What’s Next?

Lassonde Industries Inc (TSE:LAS.A) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$246.00 and last traded at C$246.00, with a volume of 1314 shares trading hands. The stock had previously closed at C$241.50.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price target on Lassonde Industries from C$255.00 to C$265.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$249.25.

Lassonde Industries Stock Up 1.9%

The firm has a 50 day simple moving average of C$223.20 and a two-hundred day simple moving average of C$219.86. The stock has a market capitalization of C$1.68 billion, a P/E ratio of 13.66 and a beta of -0.71. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

Lassonde Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 20th. Lassonde Industries’s dividend payout ratio is currently 23.88%.

Lassonde Industries Company Profile

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.