Leon’s Furniture (TSE:LNF) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Leon’s Furniture Limited (TSE:LNF) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$24.99 and traded as high as C$28.04. Leon’s Furniture shares last traded at C$27.33, with a volume of 9,327 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. BMO Capital Markets lifted their target price on shares of Leon’s Furniture from C$28.00 to C$29.00 in a report on Monday, May 12th. Finally, Royal Bank Of Canada lowered their target price on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$30.00.

Leon’s Furniture Stock Performance

The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 14.25 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The stock’s 50 day moving average is C$25.20 and its two-hundred day moving average is C$24.99.

Insider Buying and Selling

In other news, Senior Officer John Andrew Cooney sold 3,300 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$23.74, for a total transaction of C$78,354.87. Company insiders own 69.49% of the company’s stock.

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.