Leon’s Furniture (TSE:LNF) Given a C$29.00 Price Target at CIBC

CIBC set a C$29.00 target price on Leon’s Furniture (TSE:LNF) in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

LNF has been the topic of several other reports. Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Stifel Canada upgraded Leon’s Furniture to a “hold” rating in a report on Tuesday, October 22nd. Finally, Acumen Capital set a C$34.00 target price on Leon’s Furniture and gave the stock a “buy” rating in a research report on Wednesday, August 21st.

Leon’s Furniture Stock Down 1.1 %

Shares of TSE:LNF opened at C$26.05 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The stock has a fifty day simple moving average of C$27.48 and a two-hundred day simple moving average of C$26.44. Leon’s Furniture has a 12-month low of C$18.12 and a 12-month high of C$30.64. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 12.17 and a beta of 0.82.

Leon’s Furniture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, December 9th. Leon’s Furniture’s dividend payout ratio (DPR) is 37.38%.

Insider Buying and Selling

In other Leon’s Furniture 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 stock was 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 insiders.

About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.