Leon’s Furniture (TSE:LNF) Price Target Raised to C$30.00

Leon’s Furniture (TSE:LNF) had its price target upped by Stifel Nicolaus from C$27.00 to C$30.00 in a report released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, BMO Capital Markets boosted their target price on Leon’s Furniture from C$29.00 to C$32.00 and gave the stock a “market perform” rating in a report on Friday. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$31.83.

Leon’s Furniture Price Performance

TSE:LNF opened at C$29.83 on Friday. The firm has a market cap of C$2.05 billion, a P/E ratio of 15.55 and a beta of 0.82. The stock has a 50 day moving average of C$27.72 and a two-hundred day moving average of C$25.48. Leon’s Furniture has a 12 month low of C$20.51 and a 12 month high of C$30.64. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.

Insider Activity

In other news, Senior Officer John Andrew Cooney sold 4,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of C$27.51, for a total transaction of C$110,040.00. 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.