Insider Selling: Leon’s Furniture Limited (TSE:LNF) Senior Officer Sells C$78,354.87 in Stock

Leon’s Furniture Limited (TSE:LNF) Senior Officer John Andrew Cooney sold 3,300 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$23.74, for a total transaction of C$78,354.87.

Leon’s Furniture Price Performance

Shares of LNF opened at C$23.91 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The firm has a market cap of C$1.65 billion, a price-to-earnings ratio of 12.47 and a beta of 0.82. Leon’s Furniture Limited has a 52 week low of C$20.27 and a 52 week high of C$30.64. The stock has a 50 day moving average of C$24.57 and a 200-day moving average of C$26.32.

Wall Street Analyst Weigh In

Several research firms recently commented on LNF. Royal Bank of Canada cut their price target on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Stifel Nicolaus cut their target price on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. National Bank Financial upgraded Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, CIBC set a C$29.00 price target on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Leon’s Furniture presently has an average rating of “Moderate Buy” and a consensus price target of C$29.00.

Leon’s Furniture Company Profile

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.