Lassonde Industries (TSE:LAS.A - Free Report) had its price objective raised by Stifel Nicolaus from C$250.00 to C$255.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Lassonde Industries Stock Performance
Shares of TSE:LAS.A traded down C$0.50 on Monday, reaching C$213.50. The company's stock had a trading volume of 1,112 shares, compared to its average volume of 2,809. The stock's 50-day moving average is C$216.17 and its two-hundred day moving average is C$206.14. Lassonde Industries has a 52-week low of C$166.06 and a 52-week high of C$234.00. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The stock has a market capitalization of C$655.45 million, a P/E ratio of 14.19 and a beta of -0.15.
Lassonde Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, May 21st. This is an increase from Lassonde Industries's previous quarterly dividend of $0.70. This represents a $4.40 annualized dividend and a yield of 2.1%. Lassonde Industries's dividend payout ratio (DPR) is currently 26.58%.
About Lassonde Industries
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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.
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