Lassonde Industries (TSE:LAS.A) Upgraded to “Buy” at Desjardins

Lassonde Industries (TSE:LAS.A) was upgraded by investment analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a C$255.00 price target on the stock, up from their prior price target of C$205.00. Desjardins’ target price would indicate a potential upside of 17.62% from the company’s current price.

Several other equities analysts also recently weighed in on the company. National Bankshares boosted their target price on Lassonde Industries from C$213.00 to C$223.00 and gave the company a “sector perform” rating in a research report on Monday. Canaccord Genuity Group increased their target price on shares of Lassonde Industries from C$225.00 to C$240.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lassonde Industries presently has an average rating of “Moderate Buy” and an average target price of C$228.20.

Lassonde Industries Price Performance

TSE:LAS.A traded up C$3.80 during trading hours on Monday, reaching C$216.80. The stock had a trading volume of 1,593 shares, compared to its average volume of 2,867. The company has a 50 day moving average price of C$187.99 and a two-hundred day moving average price of C$181.48. Lassonde Industries has a 52 week low of C$132.99 and a 52 week high of C$217.00. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78. The stock has a market capitalization of C$665.58 million, a PE ratio of 14.41 and a beta of -0.15.

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.