Lassonde Industries (TSE:LAS.A) Price Target Cut to C$280.00 by Analysts at Canaccord Genuity Group

Lassonde Industries (TSE:LAS.A) had its price objective dropped by Canaccord Genuity Group from C$290.00 to C$280.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 22.54% from the stock’s current price.

A number of other equities analysts also recently weighed in on LAS.A. Stifel Nicolaus lifted their target price on shares of Lassonde Industries from C$280.00 to C$300.00 and gave the stock a “buy” rating in a research note on Monday. National Bank Financial cut their price target on shares of Lassonde Industries from C$260.00 to C$257.00 and set a “sector perform” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$278.00.

Lassonde Industries Price Performance

Shares of TSE LAS.A traded down C$1.50 during midday trading on Monday, reaching C$228.50. 1,663 shares of the company were exchanged, compared to its average volume of 1,813. The stock’s 50-day moving average price is C$217.02 and its 200-day moving average price is C$223.13. The stock has a market cap of C$1.56 billion, a P/E ratio of 9.63 and a beta of -0.20. 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 has a one year low of C$202.51 and a one year high of C$253.85.

Lassonde Industries (TSE:LAS.A) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$7.45 earnings per share (EPS) for the quarter. The business had revenue of C$737.69 million during the quarter. Lassonde Industries had a net margin of 4.31% and a return on equity of 10.05%. On average, sell-side analysts anticipate that Lassonde Industries will post 18.9924731 earnings per share for the current fiscal year.

About Lassonde Industries

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.