Leon’s Furniture (TSE:LNF) Price Target Raised to C$27.00

Leon’s Furniture (TSE:LNF – Free Report) had its price target increased by Stifel Nicolaus from C$25.50 to C$27.00 in a research note released on Monday morning,BayStreet reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research analysts have also recently commented on the stock. National Bank Financial dropped their target price on shares of Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada decreased their price target on shares of Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Leon’s Furniture currently has an average rating of “Moderate Buy” and a consensus target price of C$32.00.

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Leon’s Furniture Price Performance

Leon’s Furniture stock opened at C$27.60 on Monday. The company has a debt-to-equity ratio of 37.48, a quick ratio of 0.53 and a current ratio of 1.61. Leon’s Furniture has a 52 week low of C$23.24 and a 52 week high of C$29.86. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 11.95 and a beta of 0.90. The stock has a fifty day moving average of C$25.50 and a 200-day moving average of C$25.51.

Leon’s Furniture (TSE:LNF – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.74 earnings per share for the quarter. Leon’s Furniture had a return on equity of 12.66% and a net margin of 6.26%. The business had revenue of C$672.79 million for the quarter. On average, sell-side analysts expect that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

Leon’s Furniture Company Profile

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Leon’s Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick’s Midnorthern Appliance banner alongside with Leon’s Appliance Canada banner, this makes the Company the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.

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