Stifel Nicolaus Forecasts Strong Price Appreciation for Lassonde Industries (TSE:LAS.A) Stock

Lassonde Industries (TSE:LAS.A) had its price target hoisted by stock analysts at Stifel Nicolaus from C$225.00 to C$243.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 14.08% from the stock’s previous close.

A number of other analysts have also recently issued reports on LAS.A. National Bankshares raised their price target on Lassonde Industries from C$213.00 to C$223.00 and gave the stock a “sector perform” rating in a research note on Monday. Desjardins raised shares of Lassonde Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from C$205.00 to C$255.00 in a report on Monday. Finally, Canaccord Genuity Group increased their price target 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$228.20.

Lassonde Industries Stock Performance

TSE LAS.A opened at C$213.00 on Monday. The company has a fifty day moving average of C$189.45 and a two-hundred day moving average of C$182.05. The company has a market capitalization of C$653.91 million, a PE ratio of 14.15 and a beta of -0.15. Lassonde Industries has a 1 year low of C$132.99 and a 1 year high of C$217.00. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55.

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.