Stifel Nicolaus Lowers Leon’s Furniture (TSE:LNF) Price Target to C$27.00

Leon’s Furniture (TSE:LNF) had its price objective reduced by equities researchers at Stifel Nicolaus from C$30.00 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.57% from the stock’s previous close.

Several other research firms have also weighed in on LNF. National Bank Financial upgraded shares of Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. CIBC set a C$29.00 price objective on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.00.

Leon’s Furniture Price Performance

LNF opened at C$24.20 on Wednesday. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 12.62 and a beta of 0.82. Leon’s Furniture has a fifty-two week low of C$20.27 and a fifty-two week high of C$30.64. The company’s 50-day moving average price is C$25.43 and its 200 day moving average price is C$27.17. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Insider Buying and Selling at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$26.15, for a total transaction of C$183,043.70. 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.