Lassonde Industries (TSE:LAS.A) Sets New 52-Week High at $182.00

Lassonde Industries Inc (TSE:LAS.A - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$182.00 and last traded at C$179.00, with a volume of 2842 shares trading hands. The stock had previously closed at C$177.04.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on Lassonde Industries from C$175.00 to C$180.00 and gave the company a "buy" rating in a research note on Monday, June 24th. National Bankshares lifted their price target 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. Finally, Desjardins increased their price objective 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 Trading Down 1.7 %

The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The firm has a market cap of C$540.35 million, a P/E ratio of 11.89 and a beta of -0.16. The firm has a fifty day moving average of C$166.52 and a 200-day moving average of C$154.19.

Insider Activity

In other Lassonde Industries news, Director Luc Doyon purchased 500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost 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 of the company's stock, valued at C$87,500. Corporate 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.