Leon’s Furniture (TSE:LNF) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Leon’s Furniture (TSE:LNF) had its price objective raised by Stifel Nicolaus from C$25.50 to C$27.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective indicates a potential downside of 6.09% from the company’s previous close.

LNF has been the topic of a number of other reports. Royal Bank Of Canada reduced their price objective on shares of Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. National Bank Financial reduced their price target 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$32.00.

Leon’s Furniture Trading Down 1.7%

Shares of Leon’s Furniture stock traded down C$0.50 during midday trading on Monday, reaching C$28.75. The company had a trading volume of 16,170 shares, compared to its average volume of 22,743. The stock has a fifty day moving average price of C$25.26 and a 200 day moving average price of C$25.51. Leon’s Furniture has a fifty-two week low of C$23.24 and a fifty-two week high of C$29.86. The firm has a market cap of C$1.98 billion, a PE ratio of 12.50 and a beta of 0.90. The company has a debt-to-equity ratio of 38.38, a current ratio of 1.59 and a quick ratio of 0.53.

Leon’s Furniture (TSE:LNF) last released its earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. The business had revenue of C$672.79 million during the quarter. On average, equities analysts anticipate that Leon’s Furniture will post 2.21 earnings per share for the current year.

About Leon’s Furniture

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.