Lassonde Industries (TSE:LAS.A) Sets New 52-Week High at $182.00

Lassonde Industries Inc (TSE:LAS.A)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$182.00 and last traded at C$179.00, with a volume of 2842 shares changing hands. The stock had previously closed at C$177.04.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LAS.A shares. National Bankshares increased their price target on 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. Canaccord Genuity Group increased their price objective on Lassonde Industries from C$175.00 to C$180.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Desjardins boosted their target price on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a report on Monday, August 12th.

Lassonde Industries Trading Down 1.1 %

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 business has a 50-day simple moving average of C$167.06 and a two-hundred day simple moving average of C$154.48. The stock has a market cap of C$534.18 million, a price-to-earnings ratio of 11.56 and a beta of -0.16.

Insider Activity at Lassonde Industries

In related news, Director Luc Doyon bought 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of C$175.00 per share, for a total transaction of C$87,500.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately C$87,500. 2.19% of the stock is owned by company insiders.

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.