Lassonde Industries (TSE:LAS.A) Price Target Raised to C$255.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised the price target for Lassonde Industries from C$250.00 to C$255.00, indicating a potential upside of 19.71% based on the current stock price.
• Lassonde Industries' stock fell by 3.9% on Monday, closing at C$213.02, while trading volume surpassed its average.
• The company specializes in ready-to-drink fruit and vegetable juices and has a market capitalization of approximately C$653.97 million.

Lassonde Industries (TSE:LAS.A - Free Report) had its price objective boosted by Stifel Nicolaus from C$250.00 to C$255.00 in a research note published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Lassonde Industries Price Performance

LAS.A stock traded down C$1.75 during trading on Monday, reaching C$212.00. 590 shares of the company were exchanged, compared to its average volume of 2,801. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. Lassonde Industries has a twelve month low of C$166.06 and a twelve month high of C$234.00. The company has a 50-day moving average of C$216.21 and a two-hundred day moving average of C$206.48. The company has a market capitalization of C$650.84 million, a price-to-earnings ratio of 14.09 and a beta of -0.15.

Lassonde Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were given a dividend of $1.10 per share. This is a boost from Lassonde Industries's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. Lassonde Industries's payout ratio is currently 26.58%.

About Lassonde Industries

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.