Lassonde Industries (TSE:LAS.A) Share Price Passes Above 50-Day Moving Average – Here’s Why

Lassonde Industries Inc (TSE:LAS.A) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$215.84 and traded as high as C$218.01. Lassonde Industries shares last traded at C$216.38, with a volume of 858 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LAS.A. National Bankshares set a C$237.00 price objective on shares of Lassonde Industries and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Stifel Nicolaus boosted their price objective on shares of Lassonde Industries from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Lassonde Industries currently has an average rating of “Moderate Buy” and a consensus price target of C$246.75.

Lassonde Industries Stock Down 0.9%

The stock has a market capitalization of C$1.48 billion, a PE ratio of 12.77 and a beta of -0.57. 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 business’s fifty day moving average price is C$215.84 and its two-hundred day moving average price is C$215.61.

Lassonde Industries Company Profile

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.