Brokerages Set Leon’s Furniture Limited (TSE:LNF) PT at C$29.00

Shares of Leon’s Furniture Limited (TSE:LNF) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$29.00.

A number of research firms have recently commented on LNF. National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada dropped their price target on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus cut 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 research note on Wednesday, February 26th. Finally, CIBC set a C$29.00 price target on Leon’s Furniture and gave the company a “neutral” rating in a research note on Tuesday, December 17th.

Leon’s Furniture Stock Up 0.7 %

Shares of LNF stock opened at C$23.90 on Tuesday. The business’s fifty day moving average is C$24.77 and its 200-day moving average is C$26.63. Leon’s Furniture has a 1 year low of C$20.27 and a 1 year high of C$30.64. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The stock has a market cap of C$1.65 billion, a PE ratio of 12.46 and a beta of 0.82.

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.