Lassonde Industries (TSE:LAS.A) Reaches New 52-Week High - Should You Buy?

Key Points

• Lassonde Industries shares reached a new 52-week high at C$234.00, indicating strong market performance with a trading volume of 5,593 shares.
• Analysts have increased the price target for Lassonde Industries to C$255.00, maintaining a consensus rating of "Moderate Buy" among analysts.
• The company specializes in the development and marketing of ready-to-drink fruit and vegetable juices, alongside a significant presence in producing store brand and cranberry sauce products.

Lassonde Industries Inc (TSE:LAS.A - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$234.00 and last traded at C$234.00, with a volume of 5593 shares traded. The stock had previously closed at C$229.99.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus increased their price objective on Lassonde Industries from C$250.00 to C$255.00 and gave the company a "buy" rating in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$243.25.

Lassonde Industries Trading Down 2.6%

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 company has a market cap of C$1.56 billion, a price-to-earnings ratio of 13.45 and a beta of -0.44. The business has a fifty day simple moving average of C$216.25 and a 200 day simple moving average of C$212.39.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.