Leon’s Furniture Limited (TSE:LNF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Leon’s Furniture Limited (TSE:LNF) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$29.00.

Several equities research analysts recently weighed in on LNF shares. Stifel Nicolaus reduced their price target on 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 reduced their target price 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 raised shares of Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th.

Leon’s Furniture Stock Performance

Shares of LNF stock opened at C$22.45 on Friday. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 11.71 and a beta of 0.82. The stock has a fifty day moving average of C$23.85 and a 200 day moving average of C$25.72. Leon’s Furniture has a 52 week low of C$20.27 and a 52 week high of C$30.64. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Insider Activity

In other 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 shares were sold at an average price of C$23.74, for a total transaction 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.