Leon’s Furniture Limited (TSE:LNF) Receives C$29.25 Average PT from Analysts

Shares of Leon’s Furniture Limited (TSE:LNF) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$29.00.

A number of analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a research report on Wednesday. CIBC set a C$29.00 price objective on Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their price objective on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Thursday.

Insider Buying and Selling

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$26.15, for a total value of C$183,043.70. 69.49% of the stock is owned by corporate insiders.

Leon’s Furniture Price Performance

Shares of LNF opened at C$24.20 on Friday. The company has a market capitalization of C$1.67 billion, a P/E ratio of 12.62 and a beta of 0.82. Leon’s Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64. 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 firm has a 50 day moving average of C$25.43 and a 200 day moving average of C$27.17.

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.