Leon’s Furniture (TSE:LNF) Price Target Raised to C$36.00

Leon’s Furniture (TSE:LNF) had its price objective increased by National Bank Financial from C$34.00 to C$36.00 in a research note released on Monday,BayStreet reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus increased their price target on Leon’s Furniture from C$25.50 to C$27.00 and gave the company a “hold” rating in a research report on Monday. Royal Bank Of Canada dropped 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 research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Leon’s Furniture presently has a consensus rating of “Moderate Buy” and an average price target of C$32.00.

Leon’s Furniture Stock Down 3.0%

Leon’s Furniture stock opened at C$27.60 on Monday. Leon’s Furniture has a 1-year low of C$23.24 and a 1-year high of C$29.86. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 11.95 and a beta of 0.90. The firm’s fifty day moving average price is C$25.50 and its two-hundred day moving average price is C$25.51. The company has a current ratio of 1.61, a quick ratio of 0.53 and a debt-to-equity ratio of 37.48.

Leon’s Furniture (TSE:LNF) last posted its earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share for the quarter. The company had revenue of C$672.79 million for the quarter. Leon’s Furniture had a net margin of 6.26% and a return on equity of 12.66%. On average, equities research analysts predict that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

Leon’s Furniture Company Profile

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.