Lassonde Industries (TSE:LAS.A – Get Free Report) had its target price lowered by research analysts at Stifel Nicolaus from C$300.00 to C$285.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 20.71% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Canaccord Genuity Group decreased their target price on shares of Lassonde Industries from C$290.00 to C$280.00 and set a “buy” rating on the stock in a report on Monday, August 10th. National Bank Financial upped their price target on shares of Lassonde Industries from C$257.00 to C$264.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Finally, Desjardins reduced their price target on shares of Lassonde Industries from C$275.00 to C$270.00 and set a “buy” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$274.75.
View Our Latest Analysis on LAS.A
Lassonde Industries Price Performance
Shares of TSE LAS.A traded up C$2.64 during mid-day trading on Monday, reaching C$236.10. The company had a trading volume of 291 shares, compared to its average volume of 1,828. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. Lassonde Industries has a one year low of C$202.51 and a one year high of C$272.98. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 10.43 and a beta of -0.07. The business’s 50-day simple moving average is C$240.41 and its 200 day simple moving average is C$228.64.
Lassonde Industries (TSE:LAS.A – Get Free Report) last posted 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 during the quarter. On average, research analysts predict that Lassonde Industries will post 18.99 earnings per share for the current fiscal 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.
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