Leon’s Furniture (TSE:LNF) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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$28.52 and traded as high as C$29.00. Leon’s Furniture shares last traded at C$28.72, with a volume of 21,892 shares.

Analyst Upgrades and Downgrades

Separately, CIBC boosted their price target on Leon’s Furniture from C$31.00 to C$32.00 in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$32.80.

Leon’s Furniture Price Performance

The firm has a market cap of C$1.97 billion, a price-to-earnings ratio of 11.35 and a beta of 0.86. The company’s fifty day moving average is C$28.60 and its 200 day moving average is C$28.52. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. Leon’s Furniture had a net margin of 5.24% and a return on equity of 12.54%. The firm had revenue of C$678.63 million for the quarter. On average, equities research analysts predict that Leon’s Furniture Limited will post 2.2104466 EPS for the current year.

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.