Canaccord Genuity Group Issues Positive Forecast for Lassonde Industries (TSE:LAS.A) Stock Price

Lassonde Industries (TSE:LAS.A) had its price objective upped by Canaccord Genuity Group from C$225.00 to C$240.00 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Lassonde Industries Stock Performance

LAS.A opened at C$210.79 on Monday. Lassonde Industries has a 12-month low of C$132.99 and a 12-month high of C$217.00. The firm has a market capitalization of C$647.13 million, a P/E ratio of 14.01 and a beta of -0.15. The stock’s 50 day moving average price is C$188.71 and its two-hundred day moving average price is C$181.75. The company has a quick ratio of 0.55, a current ratio of 1.78 and a debt-to-equity ratio of 19.88.

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.