Lassonde Industries (TSE:LAS.A) Reaches New 52-Week High at $177.80

Shares of Lassonde Industries Inc (TSE:LAS.A) reached a new 52-week high during trading on Thursday . The stock traded as high as C$177.80 and last traded at C$177.80, with a volume of 4624 shares trading hands. The stock had previously closed at C$170.00.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LAS.A shares. Canaccord Genuity Group increased their price objective on shares of Lassonde Industries from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. National Bankshares increased their target price on shares of Lassonde Industries from C$181.00 to C$187.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Desjardins increased their target price on shares of Lassonde Industries from C$175.00 to C$190.00 and gave the stock a “hold” rating in a report on Monday, August 12th.

Lassonde Industries Price Performance

The company has a market capitalization of C$549.53 million, a price-to-earnings ratio of 11.90 and a beta of -0.16. The business has a 50 day moving average price of C$165.64 and a 200-day moving average price of C$153.78. The company has a debt-to-equity ratio of 19.88, a quick ratio of 0.55 and a current ratio of 1.78.

Insider Buying and Selling

In other Lassonde Industries news, Director Luc Doyon acquired 500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$175.00 per share, for a total transaction of C$87,500.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately C$87,500. 2.19% of the stock is currently owned by company insiders.

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.