Brokerages Set Leon’s Furniture Limited (TSE:LNF) Price Target at C$32.50

Leon’s Furniture Limited (TSE:LNF) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$32.50.

Several research analysts recently commented on LNF shares. National Bankshares increased their target price on shares of Leon’s Furniture from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets increased their target price on shares of Leon’s Furniture from C$29.00 to C$32.00 and gave the stock a “market perform” rating in a report on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Leon’s Furniture from C$27.00 to C$30.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada increased their target price on shares of Leon’s Furniture from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, August 11th.

Leon’s Furniture Stock Performance

Shares of LNF opened at C$29.65 on Friday. Leon’s Furniture has a 12 month low of C$20.51 and a 12 month high of C$30.64. The firm has a fifty day simple moving average of C$27.81 and a 200 day simple moving average of C$25.64. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of 15.46 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.

Insider Buying and Selling

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