Leon’s Furniture (TSE:LNF) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Leon’s Furniture (TSE:LNF) had its price objective lifted by equities researchers at Stifel Nicolaus from C$25.50 to C$27.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective suggests a potential downside of 6.09% from the company’s current price.

Other equities analysts also recently issued research reports about the company. National Bank Financial cut their price target on Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada dropped their target price on Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.00.

Leon’s Furniture Stock Down 1.7%

LNF traded down C$0.50 during trading on Monday, hitting C$28.75. 16,170 shares of the company’s stock were exchanged, compared to its average volume of 22,743. Leon’s Furniture has a fifty-two week low of C$23.24 and a fifty-two week high of C$29.86. The stock has a market cap of C$1.98 billion, a P/E ratio of 12.50 and a beta of 0.90. The business’s 50 day moving average is C$25.26 and its two-hundred day moving average is C$25.51. The company has a quick ratio of 0.53, a current ratio of 1.59 and a debt-to-equity ratio of 38.38.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.74 earnings per share (EPS) for the quarter. The firm had revenue of C$672.79 million during the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. As a group, equities analysts expect that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

About Leon’s Furniture

Leon’s Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick’s Midnorthern Appliance banner alongside with Leon’s Appliance Canada banner, this makes the Company the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.