Leon’s Furniture (TSE:LNF) Price Target Cut to C$27.00 by Analysts at Stifel Nicolaus

Leon’s Furniture (TSE:LNF) had its price objective lowered by analysts at Stifel Nicolaus from C$30.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 8.43% from the stock’s previous close.

Several other analysts also recently issued reports on the company. CIBC set a C$29.00 target price on Leon’s Furniture and gave the company a “neutral” rating in a research note on Tuesday, December 17th. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.50.

Leon’s Furniture Trading Up 1.3 %

TSE:LNF traded up C$0.31 on Wednesday, reaching C$24.90. 20,515 shares of the stock traded hands, compared to its average volume of 18,163. The company’s 50 day moving average is C$25.45 and its 200-day moving average is C$27.19. 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$1.72 billion, a price-to-earnings ratio of 12.98 and a beta of 0.82. Leon’s Furniture has a 1-year low of C$20.27 and a 1-year high of C$30.64.

Insider Activity at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$26.15, for a total transaction of C$183,043.70. 69.49% of the stock is currently owned by insiders.

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.