Lassonde Industries (TSE:LAS.A) Given a C$220.00 Price Target at Stifel Nicolaus

Lassonde Industries (TSE:LAS.A - Get Free Report) received a C$220.00 price target from research analysts at Stifel Nicolaus in a report released on Wednesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 24.65% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the stock. National Bankshares lifted their price objective on shares of Lassonde Industries from C$181.00 to C$187.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Desjardins boosted their price target on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the stock a "hold" rating in a research report on Monday, August 12th.

Lassonde Industries Stock Performance

LAS.A traded up C$1.70 during trading hours on Wednesday, hitting C$176.50. The company's stock had a trading volume of 1,702 shares, compared to its average volume of 1,773. The company has a 50-day simple moving average of C$173.25 and a 200 day simple moving average of C$157.55. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. The firm has a market capitalization of C$541.86 million, a PE ratio of 11.61 and a beta of -0.15. Lassonde Industries has a fifty-two week low of C$126.00 and a fifty-two week high of C$182.00.

Insider Buying and Selling at Lassonde Industries

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

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.