Leon’s Furniture (TSE:LNF) Price Target Raised to C$29.00

Leon’s Furniture (TSE:LNF) had its price target upped by BMO Capital Markets from C$28.00 to C$29.00 in a research note published on Monday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. National Bank Financial upgraded Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus lowered their price objective on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. Finally, 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 note on Thursday, February 27th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$30.00.

Leon’s Furniture Stock Performance

TSE LNF opened at C$25.25 on Monday. The firm has a market cap of C$1.74 billion, a P/E ratio of 13.17 and a beta of 0.82. Leon’s Furniture has a 52-week low of C$20.51 and a 52-week high of C$30.64. The business’s 50-day moving average price is C$23.19 and its 200 day moving average price is C$24.95. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Insider Buying and Selling

In other news, Senior Officer John Andrew Cooney sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$23.74, for a total transaction of C$78,354.87. 69.49% of the stock is currently owned by corporate 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.