Lassonde Industries (TSE:LAS.A) Given a C$220.00 Price Target by Stifel Nicolaus Analysts

Lassonde Industries (TSE:LAS.A) received a C$220.00 price target from analysts at Stifel Nicolaus in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 25.86% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Desjardins raised their price target on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. National Bankshares raised their target price on shares of Lassonde Industries from C$181.00 to C$187.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th.

Lassonde Industries Price Performance

TSE:LAS.A traded up C$2.26 during trading hours on Wednesday, hitting C$174.80. The company’s stock had a trading volume of 2,730 shares, compared to its average volume of 1,773. The company has a market capitalization of C$536.64 million, a PE ratio of 11.61 and a beta of -0.15. Lassonde Industries has a 52-week low of C$125.01 and a 52-week high of C$182.00. The business’s 50-day moving average is C$173.25 and its two-hundred day moving average is C$157.55. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78.

Insider Transactions at Lassonde Industries

In related news, Director Luc Doyon purchased 500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of C$175.00 per share, with a total value of C$87,500.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately C$87,500. Insiders own 2.19% of the company’s stock.

Lassonde Industries Company Profile

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.