Brokerages Set Leon’s Furniture Limited (TSE:LNF) Price Target at C$29.25

Leon’s Furniture Limited (TSE:LNF) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$29.80.

Several equities research analysts have weighed in on the company. Royal Bank of Canada set a C$32.00 price target on Leon’s Furniture and gave the stock an “outperform” rating in a report on Friday. CIBC set a C$29.00 price target on Leon’s Furniture and gave the stock a “neutral” rating in a report on Tuesday, December 17th. Finally, National Bank Financial upgraded Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th.

Leon’s Furniture Price Performance

LNF stock opened at C$25.76 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The company has a market capitalization of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82. Leon’s Furniture has a 12-month low of C$20.27 and a 12-month high of C$30.64. The business’s fifty day moving average price is C$25.49 and its 200 day moving average price is C$27.21.

Insider Activity

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$26.15, for a total value of C$183,043.70. Company insiders own 69.49% of the company’s stock.

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.