CIBC Forecasts Strong Price Appreciation for Leon’s Furniture (TSE:LNF) Stock

Leon’s Furniture (TSE:LNF) had its target price upped by CIBC from C$31.00 to C$32.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 11.30% from the stock’s current price.

A number of other equities analysts have also commented on LNF. Royal Bank Of Canada lifted their price target 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. Stifel Nicolaus raised their target price on Leon’s Furniture from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. National Bankshares lifted their target price on 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. Finally, BMO Capital Markets lifted their price objective on Leon’s Furniture from C$29.00 to C$32.00 and gave the stock a “market perform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$32.80.

Leon’s Furniture Stock Performance

Shares of LNF stock opened at C$28.75 on Monday. The firm has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 12.29 and a beta of 0.79. 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 business’s 50-day moving average price is C$28.94 and its 200-day moving average price is C$27.95. Leon’s Furniture has a 12 month low of C$20.51 and a 12 month high of C$30.80.

Insider Buying and Selling at Leon’s Furniture

In other news, insider Darci Marie Walker sold 1,100 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of C$29.00, for a total value of C$31,900.00. Following the completion of the sale, the insider directly owned 40,329 shares in the company, valued at C$1,169,541. This trade represents a 2.66% decrease in their position. Corporate insiders own 69.49% of the company’s stock.

Leon’s Furniture Company Profile

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.