Leon’s Furniture (TSE:LNF) Price Target Raised to C$29.00

Leon’s Furniture (TSE:LNF) had its price objective boosted by equities research analysts at BMO Capital Markets from C$28.00 to C$29.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 13.64% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lowered their price objective on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price objective on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Three 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.00.

Leon’s Furniture Stock Up 1.8%

LNF opened at C$25.52 on Monday. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. The company has a market capitalization of C$1.76 billion, a PE ratio of 13.31 and a beta of 0.82. The business has a 50-day moving average of C$23.17 and a 200-day moving average of C$24.94. Leon’s Furniture has a fifty-two week low of C$20.51 and a fifty-two week high of C$30.64.

Insider Buying and Selling at Leon’s Furniture

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$23.74, for a total value of C$78,354.87. Insiders own 69.49% of the company’s stock.

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.