Leon’s Furniture (TSE:LNF) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Leon’s Furniture Limited (TSE:LNF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$25.03 and traded as high as C$28.37. Leon’s Furniture shares last traded at C$28.33, with a volume of 13,282 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Leon’s Furniture from C$28.00 to C$29.00 in a report on Monday, May 12th. Stifel Nicolaus dropped their price objective on 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. Finally, Royal Bank Of Canada dropped their price objective on 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 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$30.00.

Leon’s Furniture Trading Up 2.6%

The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 14.77 and a beta of 0.82. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The firm has a fifty day moving average of C$25.79 and a 200-day moving average of C$25.03.

Insider Activity at Leon’s Furniture

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