Lassonde Industries (TSE:LAS.A) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Lassonde Industries Inc (TSE:LAS.A - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$211.30 and traded as high as C$220.00. Lassonde Industries shares last traded at C$215.21, with a volume of 2,566 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Lassonde Industries from C$243.00 to C$250.00 in a research note on Monday, May 12th. Desjardins raised shares of Lassonde Industries from a "hold" rating to a "buy" rating and raised their price target for the company from C$205.00 to C$255.00 in a research report on Monday, March 31st. Canaccord Genuity Group raised their target price on Lassonde Industries from C$225.00 to C$240.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, National Bankshares lifted their target price on Lassonde Industries from C$213.00 to C$223.00 and gave the company a "sector perform" rating in a research report on Monday, March 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Lassonde Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of C$229.60.

Lassonde Industries Trading Down 0.9%

The stock's 50 day simple moving average is C$211.39 and its 200 day simple moving average is C$193.84. The firm has a market cap of C$647.92 million, a PE ratio of 14.02 and a beta of -0.15. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78.

Lassonde Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 13th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.08%. This is a positive change from Lassonde Industries's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, May 21st. Lassonde Industries's dividend payout ratio is presently 26.58%.

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.