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

Leon’s Furniture Limited (TSE:LNF) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. 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. The average 1 year price target among brokers that have covered the stock in the last year is C$29.80.

A number of equities analysts have recently issued reports on LNF shares. Royal Bank of Canada set a C$32.00 target price on Leon’s Furniture and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, CIBC set a C$29.00 target price on Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th.

Leon’s Furniture Stock Performance

Shares of LNF stock opened at C$25.76 on Friday. The company has a market cap of C$1.77 billion, a price-to-earnings ratio of 13.43 and a beta of 0.82. The stock has a 50 day simple moving average of C$25.49 and a 200-day simple moving average of C$27.21. Leon’s Furniture has a 12-month low of C$20.27 and a 12-month high of C$30.64. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.

Insider Activity 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 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 currently owned by company insiders.

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.