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

Leon’s Furniture (TSE:LNF) had its target price lifted by equities research analysts at CIBC from C$31.00 to C$32.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 11.38% from the company’s previous close.

LNF has been the topic of several other research reports. Stifel Nicolaus lifted their price target on shares of Leon’s Furniture from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. BMO Capital Markets lifted their target price on Leon’s Furniture from C$29.00 to C$32.00 and gave the stock a “market perform” rating in a research report on Friday, August 8th. Royal Bank Of Canada increased their price target on Leon’s Furniture from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, National Bankshares lifted their price objective on Leon’s Furniture from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Leon’s Furniture has a consensus rating of “Moderate Buy” and an average target price of C$32.80.

Leon’s Furniture Stock Down 0.3%

TSE LNF traded down C$0.10 on Monday, reaching C$28.73. The company had a trading volume of 17,885 shares, compared to its average volume of 19,744. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. Leon’s Furniture has a 1 year low of C$20.51 and a 1 year high of C$30.80. The firm has a 50-day moving average of C$28.98 and a 200-day moving average of C$27.86. The firm has a market capitalization of C$1.96 billion, a PE ratio of 12.28 and a beta of 0.79.

Insider Activity

In other news, insider Darci Marie Walker sold 1,100 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of C$29.00, for a total transaction of C$31,900.00. Following the completion of the transaction, the insider owned 40,329 shares of the company’s stock, valued at approximately C$1,169,541. The trade was a 2.66% decrease in their ownership of the stock. Company 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.