Leon’s Furniture (TSE:LNF) Stock Price Passes Above 200-Day Moving Average After Insider Selling

Leon’s Furniture Limited (TSE:LNF)’s share price passed above its 200-day moving average during trading on Thursday following insider buying activity. The stock has a 200-day moving average of C$25.09 and traded as high as C$27.83. Leon’s Furniture shares last traded at C$26.86, with a volume of 5,085 shares traded.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their target price on shares of Leon’s Furniture from C$28.00 to C$29.00 in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Leon’s Furniture has an average rating of “Moderate Buy” and an average price target of C$30.00.

Leon’s Furniture Stock Down 0.4%

The company’s fifty day moving average is C$26.46 and its 200-day moving average is C$25.10. The company has a market capitalization of C$1.84 billion, a PE ratio of 13.95 and a beta of 0.82. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38.

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.