Lassonde Industries (TSE:LAS.A) Reaches New 12-Month High – Time to Buy?

Lassonde Industries Inc (TSE:LAS.A)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$195.00 and last traded at C$195.00, with a volume of 5183 shares changing hands. The stock had previously closed at C$190.75.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised their price target on Lassonde Industries from C$220.00 to C$225.00 in a report on Monday, November 11th.

Lassonde Industries Trading Up 2.2 %

The stock has a market cap of C$598.65 million, a PE ratio of 12.96 and a beta of -0.15. The stock has a 50-day moving average price of C$182.71 and a two-hundred day moving average price of C$177.09. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

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.