Stifel Nicolaus Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Lassonde Industries (TSE:LAS.A) had its price objective upped by Stifel Nicolaus from C$220.00 to C$225.00 in a research note published on Monday,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. National Bankshares lifted their price objective on 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. Desjardins raised their price objective 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.

Lassonde Industries Trading Down 3.7 %

Lassonde Industries stock opened at C$177.25 on Monday. Lassonde Industries has a one year low of C$127.61 and a one year high of C$191.00. The company’s fifty day moving average price is C$175.47 and its two-hundred day moving average price is C$161.04. The company has a market capitalization of C$544.16 million, a price-to-earnings ratio of 11.90 and a beta of -0.15. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

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.