Lassonde Industries (TSE:LAS.A) Hits New 1-Year High – What’s Next?

Lassonde Industries Inc (TSE:LAS.AGet Free Report) shares hit a new 52-week high on Friday . The company traded as high as C$186.02 and last traded at C$186.02, with a volume of 5231 shares trading hands. The stock had previously closed at C$175.50.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LAS.A shares. Stifel Nicolaus set a C$220.00 target price on Lassonde Industries and gave the company a “buy” rating in a report on Wednesday, October 23rd. Desjardins increased their target price on Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, National Bankshares lifted 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.

Get Our Latest Analysis on LAS.A

Lassonde Industries Trading Up 7.2 %

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 company has a market capitalization of C$577.47 million, a price-to-earnings ratio of 12.54 and a beta of -0.15. The business has a fifty day moving average price of C$174.52 and a 200 day moving average price of C$159.88.

Insider Buying and Selling at Lassonde Industries

In related news, Director Luc Doyon bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of C$175.00 per share, for a total transaction 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

(Get Free Report)

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.

Read More

Receive News & Ratings for Lassonde Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lassonde Industries and related companies with MarketBeat.com's FREE daily email newsletter.