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

Shares of Leon’s Furniture Limited (TSE:LNF) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$30.25.

LNF has been the subject of a number of research reports. National Bank Financial upgraded shares of Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Royal Bank of Canada decreased their price objective on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price objective on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th.

Leon’s Furniture Trading Up 1.1%

Shares of TSE:LNF opened at C$25.28 on Wednesday. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 13.18 and a beta of 0.82. Leon’s Furniture has a 1-year low of C$20.51 and a 1-year high of C$30.64. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The company has a 50 day moving average price of C$23.13 and a 200 day moving average price of C$24.98.

Insider Buying and Selling

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,300 shares of the stock in a transaction that occurred 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. Company insiders own 69.49% of the company’s stock.

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.