Leon’s Furniture (TSE:LNF) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.17 and traded as high as C$28.86. Leon’s Furniture shares last traded at C$28.75, with a volume of 8,303 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LNF shares. Stifel Nicolaus increased their price target on Leon’s Furniture from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their target price on Leon’s Furniture from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. National Bankshares increased their target price on Leon’s Furniture from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, BMO Capital Markets increased their target price on Leon’s Furniture from C$29.00 to C$32.00 and gave the stock a “market perform” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Leon’s Furniture presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.20.

Leon’s Furniture Stock Up 0.0%

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 firm has a market capitalization of C$1.96 billion, a PE ratio of 12.29 and a beta of 0.80. The firm has a 50-day moving average of C$29.20 and a two-hundred day moving average of C$27.17.

Insider Transactions at Leon’s Furniture

In related news, insider Darci Marie Walker sold 1,100 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$29.00, for a total value of C$31,900.00. Following the completion of the sale, the insider directly owned 40,329 shares in the company, valued at approximately C$1,169,541. This represents a 2.66% decrease in their position. Corporate 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.