National Bank Financial Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Key Points

• National Bank Financial raised its target on Lassonde to C$258 (from C$247), implying about a 10.26% upside, and Stifel Nicolaus boosted its target to C$265; the stock carries a consensus rating of "Moderate Buy" with an average target of C$254.50.
• Despite the upgrades, shares traded down C$5.98 to C$234 (about -2.5%) midday; Lassonde has a market cap of C$1.60 billion, a PE of 12.99, and a 12‑month range of C$181.50–C$253.85.

Lassonde Industries (TSE:LAS.A - Get Free Report) had its target price hoisted by National Bank Financial from C$247.00 to C$258.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 10.26% from the stock's previous close.

Separately, Stifel Nicolaus raised their target price on Lassonde Industries from C$255.00 to C$265.00 in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Lassonde Industries currently has a consensus rating of "Moderate Buy" and an average target price of C$254.50.

Lassonde Industries Stock Down 2.5%

Shares of TSE:LAS.A traded down C$5.98 during midday trading on Friday, hitting C$234.00. 718 shares of the company's stock traded hands, compared to its average volume of 2,006. Lassonde Industries has a twelve month low of C$181.50 and a twelve month high of C$253.85. The company has a market cap of C$1.60 billion, a PE ratio of 12.99 and a beta of -0.63. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The firm's fifty day moving average price is C$226.30 and its two-hundred day moving average price is C$221.05.

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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