Lassonde Industries (TSE:LAS.A) Hits New 12-Month High – Here’s What Happened

Lassonde Industries Inc (TSE:LAS.A)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$186.02 and last traded at C$186.02, with a volume of 5231 shares trading hands. The stock had previously closed at C$175.50.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LAS.A shares. Stifel Nicolaus set a C$220.00 price objective on shares of Lassonde Industries and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. National Bankshares boosted 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 note on Monday, August 12th. Finally, Desjardins raised their price target on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the company a “hold” rating in a research note on Monday, August 12th.

Lassonde Industries Price Performance

The stock’s 50-day moving average price is C$174.88 and its 200 day moving average price is C$160.32. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The firm has a market capitalization of C$586.34 million, a price-to-earnings ratio of 12.69 and a beta of -0.15.

Insider Buying and Selling at Lassonde Industries

In related news, Director Luc Doyon purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of C$175.00 per share, with a total value of C$87,500.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at C$87,500. 2.19% of the stock is owned by insiders.

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.