National Bank Financial Raises Leon’s Furniture (TSE:LNF) Price Target to C$36.00

Leon’s Furniture (TSE:LNF) had its target price raised by equities researchers at National Bank Financial from C$35.00 to C$36.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 32.26% from the company’s previous close.

Separately, Canadian Imperial Bank of Commerce lifted their price target on shares of Leon’s Furniture from C$31.00 to C$32.00 in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$33.00.

Leon’s Furniture Trading Up 0.3%

Leon’s Furniture stock opened at C$27.22 on Wednesday. Leon’s Furniture has a 52-week low of C$20.51 and a 52-week high of C$30.80. The company has a market cap of C$1.87 billion, a P/E ratio of 10.76 and a beta of 0.94. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. The business has a 50-day simple moving average of C$28.30 and a two-hundred day simple moving average of C$28.67.

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

Insider Activity at Leon’s Furniture

In other news, insider John Andrew Cooney sold 2,200 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total transaction of C$61,600.00. Following the sale, the insider directly owned 52,274 shares in the company, valued at C$1,463,672. This trade represents a 4.04% decrease in their position. 69.49% of the stock is owned by insiders.

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.