Lassonde Industries (TSE:LAS.A) Stock Rating Upgraded by Desjardins

Lassonde Industries (TSE:LAS.A - Get Free Report) was upgraded by equities research analysts at Desjardins from a "hold" rating to a "buy" rating in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$255.00 price objective on the stock, up from their previous price objective of C$205.00. Desjardins' price target suggests a potential upside of 28.14% from the company's previous close.

LAS.A has been the subject of several other research reports. Canaccord Genuity Group upped their price target on Lassonde Industries from C$225.00 to C$240.00 and gave the company a "buy" rating in a report on Monday. National Bankshares boosted their price target 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$228.20.

Lassonde Industries Stock Performance

LAS.A traded down C$10.99 during midday trading on Monday, reaching C$199.00. The company's stock had a trading volume of 2,244 shares, compared to its average volume of 3,059. Lassonde Industries has a twelve month low of C$132.99 and a twelve month high of C$217.00. The stock has a market cap of C$610.93 million, a P/E ratio of 13.22 and a beta of -0.15. The company has a fifty day simple moving average of C$190.82 and a 200 day simple moving average of C$182.53. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

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.