Lassonde Industries (TSE:LAS.A) Given New C$300.00 Price Target at Stifel Nicolaus

Lassonde Industries (TSE:LAS.A – Get Free Report) had its price objective increased by equities researchers at Stifel Nicolaus from C$280.00 to C$300.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 31.29% from the stock’s previous close.

Separately, National Bank Financial dropped their price objective on Lassonde Industries from C$260.00 to C$257.00 and set a “sector perform” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$278.00.

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Lassonde Industries Trading Down 0.7%

Lassonde Industries stock traded down C$1.50 during midday trading on Monday, hitting C$228.50. 1,663 shares of the stock were exchanged, compared to its average volume of 1,813. The stock has a market capitalization of C$1.56 billion, a PE ratio of 9.63 and a beta of -0.20. The company has a fifty day simple moving average of C$217.02 and a two-hundred day simple moving average of C$223.13. 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 has a 52 week low of C$202.51 and a 52 week high of C$253.85.

Lassonde Industries (TSE:LAS.A – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$7.45 earnings per share for the quarter. The company had revenue of C$737.69 million for the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. Equities research analysts anticipate that Lassonde Industries will post 18.9924731 EPS for the current fiscal year.

About Lassonde Industries

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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.

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