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

Desjardins upgraded shares of Lassonde Industries (TSE:LAS.A) from a hold rating to a buy rating in a research report released on Monday,BayStreet.CA reports. Desjardins currently has C$255.00 price objective on the stock, up from their previous price objective of C$205.00.

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

Lassonde Industries Stock Down 1.0 %

Shares of TSE:LAS.A opened at C$210.79 on Monday. The company has a 50-day moving average price of C$188.71 and a 200 day moving average price of C$181.75. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88. Lassonde Industries has a 12 month low of C$132.99 and a 12 month high of C$217.00. The company has a market cap of C$647.13 million, a price-to-earnings ratio of 14.01 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.