Lassonde Industries (TSE:LAS.A) PT Set at C$237.00 by National Bankshares

Key Points

• National Bankshares has set a price target of C$237.00 for Lassonde Industries, indicating a potential upside of 12.25% from its current price.
• Stifel Nicolaus upgraded their target for Lassonde shares to C$255.00 and assigned a "buy" rating, contributing to an overall average rating of "Moderate Buy" with a target price of C$246.75.
• As of Thursday, Lassonde Industries' shares traded at C$211.13 with a market cap of C$1.44 billion, showing a 50-day moving average of C$216.35.

Lassonde Industries (TSE:LAS.A - Get Free Report) has been given a C$237.00 price target by investment analysts at National Bankshares in a report released on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price would suggest a potential upside of 12.25% from the company's current price.

Separately, Stifel Nicolaus lifted their price objective on shares of Lassonde Industries from C$250.00 to C$255.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$246.75.

Lassonde Industries Stock Performance

Shares of LAS.A traded up C$0.09 during midday trading on Thursday, reaching C$211.13. The stock had a trading volume of 880 shares, compared to its average volume of 2,587. The firm has a 50 day simple moving average of C$216.35 and a 200-day simple moving average of C$214.57. Lassonde Industries has a one year low of C$170.37 and a one year high of C$234.00. The firm has a market cap of C$1.44 billion, a PE ratio of 12.46 and a beta of -0.57. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

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.

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