BMO Capital Markets Raises Leon’s Furniture (TSE:LNF) Price Target to C$29.00

Leon’s Furniture (TSE:LNF) had its price objective hoisted by analysts at BMO Capital Markets from C$28.00 to C$29.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 15.81% from the stock’s current price.

A number of other brokerages have also recently commented on LNF. Stifel Nicolaus dropped their price objective on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, National Bank Financial upgraded shares of Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$30.00.

Leon’s Furniture Stock Down 0.9%

Leon’s Furniture stock traded down C$0.24 during trading on Monday, reaching C$25.04. The stock had a trading volume of 6,453 shares, compared to its average volume of 19,202. Leon’s Furniture has a 52-week low of C$20.51 and a 52-week high of C$30.64. The business has a 50 day moving average price of C$23.13 and a 200 day moving average price of C$24.98. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. The stock has a market cap of C$1.72 billion, a PE ratio of 13.06 and a beta of 0.82.

Insider Buying and Selling

In related news, Senior Officer John Andrew Cooney sold 3,300 shares of Leon’s Furniture 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. 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.