Brokerages Set Leon’s Furniture Limited (TSE:LNF) PT at C$29.00

Leon’s Furniture Limited (TSE:LNF) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$29.00.

A number of brokerages have issued reports on LNF. CIBC set a C$29.00 target price on shares of Leon’s Furniture and gave the company a “neutral” rating in a report on Tuesday, December 17th. Royal Bank of Canada dropped their price objective on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus reduced their target price on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Finally, National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th.

Leon’s Furniture Stock Performance

TSE:LNF opened at C$23.71 on Tuesday. The company has a market capitalization of C$1.63 billion, a P/E ratio of 12.36 and a beta of 0.82. The business has a fifty day simple moving average of C$24.74 and a two-hundred day simple moving average of C$26.57. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. Leon’s Furniture has a 1 year low of C$20.27 and a 1 year high of C$30.64.

About Leon’s Furniture

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.