Leon’s Furniture Limited (TSE:LNF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Leon’s Furniture Limited (TSE:LNF) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$29.00.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada lowered their target price on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday, February 27th.

Leon’s Furniture Trading Up 0.6 %

TSE:LNF opened at C$22.59 on Friday. Leon’s Furniture has a one year low of C$20.27 and a one year high of C$30.64. The company has a market cap of C$1.56 billion, a PE ratio of 11.78 and a beta of 0.82. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. The firm has a 50-day moving average of C$23.79 and a 200-day moving average of C$25.70.

Insider Activity at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 3,300 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$23.74, for a total transaction of C$78,354.87. 69.49% of the stock is owned by company 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.