Price of the stock-lakeshore company

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LakeShore company is expected to generate sales of 7.5$ per share next year. However, due to extensive investments it is expected to have new earnings of -1.16$. The average price-to-sales ratio for LakeShore Company's industry is 10.25, and the average P/E ratio is 16.5. Based on this information what should be the price of the stock?

Reference no: EM132662134

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Price of the stock-lakeshore company : LakeShore company is expected to generate sales of 7.5$ per share next year. However, due to extensive investments it is expected to have new earnings of -1.16$
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