Lassonde Industries (TSE:LAS.A) Rating Increased to Buy at Desjardins

Lassonde Industries (TSE:LAS.A) was upgraded by equities researchers at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$255.00 target price on the stock, up from their previous target price of C$205.00. Desjardins’ price objective would indicate a potential upside of 17.62% from the stock’s previous close.

LAS.A has been the topic of several other reports. Canaccord Genuity Group upped their target price on Lassonde Industries from C$225.00 to C$240.00 and gave the company a “buy” rating in a research report on Monday. National Bankshares boosted their price objective on shares of Lassonde Industries from C$213.00 to C$223.00 and gave the company a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$228.20.

Lassonde Industries Stock Up 1.8 %

LAS.A traded up C$3.80 on Monday, hitting C$216.80. The company had a trading volume of 1,593 shares, compared to its average volume of 2,867. The stock has a market capitalization of C$665.58 million, a price-to-earnings ratio of 14.41 and a beta of -0.15. The stock has a fifty day moving average price of C$187.99 and a 200-day moving average price of C$181.48. Lassonde Industries has a 12-month low of C$132.99 and a 12-month high of C$217.00. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78.

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.