Lassonde Industries (TSE:LAS.A) PT Set at C$220.00 by Stifel Nicolaus

Stifel Nicolaus set a C$220.00 price objective on Lassonde Industries (TSE:LAS.A) in a report released on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on LAS.A. Desjardins boosted their price target on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the company a “hold” rating in a research report on Monday, August 12th. National Bankshares boosted their price target on shares of Lassonde Industries from C$181.00 to C$187.00 and gave the company an “outperform” rating in a research report on Monday, August 12th.

Lassonde Industries Price Performance

Shares of LAS.A opened at C$176.50 on Wednesday. Lassonde Industries has a 1-year low of C$126.00 and a 1-year high of C$182.00. The stock has a market cap of C$541.86 million, a PE ratio of 11.73 and a beta of -0.15. 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 firm has a fifty day moving average price of C$173.33 and a 200 day moving average price of C$157.69.

Insider Activity

In other Lassonde Industries news, Director Luc Doyon bought 500 shares of Lassonde Industries stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of C$175.00 per share, with a total value of C$87,500.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately C$87,500. Corporate insiders own 2.19% of the company’s stock.

About Lassonde Industries

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.