Lassonde Industries Inc (TSE:LAS.A – Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$218.76 and traded as high as C$221.99. Lassonde Industries shares last traded at C$216.00, with a volume of 19,231 shares changing hands.
Wall Street Analyst Weigh In
LAS.A has been the topic of a number of recent research reports. National Bankshares set a C$237.00 target price on shares of Lassonde Industries and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Stifel Nicolaus boosted their price objective on shares of Lassonde Industries from C$255.00 to C$265.00 in a report on Monday, November 10th. 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 MarketBeat, Lassonde Industries presently has a consensus rating of “Moderate Buy” and an average price target of C$249.25.
Read Our Latest Stock Report on Lassonde Industries
Lassonde Industries Stock Up 0.5%
Lassonde Industries (TSE:LAS.A – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported C$5.40 earnings per share for the quarter. The company had revenue of C$723.85 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 predict that Lassonde Industries Inc will post 18.9924731 earnings per share for the current 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.
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