Lassonde Industries (TSE:LAS.A) Hits New 12-Month High – What’s Next?

Lassonde Industries Inc (TSE:LAS.A) hit a new 52-week high during trading on Tuesday . The company traded as high as C$191.37 and last traded at C$191.37, with a volume of 3084 shares changing hands. The stock had previously closed at C$187.51.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on Lassonde Industries from C$220.00 to C$225.00 in a research note on Monday, November 11th.

Lassonde Industries Price Performance

The firm has a market capitalization of C$585.66 million, a price-to-earnings ratio of 12.68 and a beta of -0.15. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88. The company’s fifty day moving average is C$179.11 and its two-hundred day moving average is C$170.75.

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.