Brokerages Set Leon’s Furniture Limited (TSE:LNF) Target Price at C$30.00

Leon’s Furniture Limited (TSE:LNF) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$30.00.

LNF has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets increased their price objective on shares of Leon’s Furniture from C$28.00 to C$29.00 in a research report on Monday, May 12th. Finally, Stifel Nicolaus dropped 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 report on Wednesday, February 26th.

Leon’s Furniture Stock Down 1.0%

LNF stock opened at C$28.08 on Friday. The company’s 50 day moving average price is C$24.38 and its 200 day moving average price is C$24.94. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. Leon’s Furniture has a fifty-two week low of C$20.51 and a fifty-two week high of C$30.64. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 14.64 and a beta of 0.82.

Insider Buying and Selling at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,300 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$23.74, for a total value of C$78,354.87. 69.49% of the stock is currently owned by insiders.

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.