Leon’s Furniture (TSE:LNF) Price Target Raised to C$33.00

Leon’s Furniture (TSE:LNF) had its target price hoisted by Royal Bank Of Canada from C$32.00 to C$33.00 in a research note released on Monday morning,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus increased their price target on shares of Leon’s Furniture from C$25.50 to C$27.00 and gave the stock a “hold” rating in a report on Monday. National Bank Financial lifted their price objective on shares of Leon’s Furniture from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$32.00.

Leon’s Furniture Stock Down 3.0%

Shares of TSE LNF opened at C$27.60 on Monday. Leon’s Furniture has a 12 month low of C$23.24 and a 12 month high of C$29.86. The company has a current ratio of 1.61, a quick ratio of 0.53 and a debt-to-equity ratio of 37.48. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 11.95 and a beta of 0.90. The business has a 50-day moving average of C$25.50 and a 200-day moving average of C$25.51.

Leon’s Furniture (TSE:LNF) last announced its earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share for the quarter. Leon’s Furniture had a net margin of 6.26% and a return on equity of 12.66%. The business had revenue of C$672.79 million for the quarter. Sell-side analysts expect that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

Leon’s Furniture Company Profile

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.