Lassonde Industries (TSE:LAS.A) Price Target Raised to C$258.00

Lassonde Industries (TSE:LAS.AFree Report) had its target price raised by National Bank Financial from C$247.00 to C$258.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, Stifel Nicolaus upped their price target on Lassonde Industries from C$255.00 to C$265.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$254.50.

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Lassonde Industries Trading Down 3.7%

Lassonde Industries stock opened at C$231.00 on Friday. Lassonde Industries has a one year low of C$181.50 and a one year high of C$253.85. The company’s fifty day moving average price is C$226.58 and its two-hundred day moving average price is C$221.28. The company has a debt-to-equity ratio of 19.88, a current ratio of 1.78 and a quick ratio of 0.55. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 12.83 and a beta of -0.63.

Lassonde Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 13th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 20th. Lassonde Industries’s dividend payout ratio (DPR) is 23.88%.

About Lassonde Industries

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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.

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