Leon's Furniture Limited (TSE:LNF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have assigned a consensus price target of C$32.50 for Leon's Furniture, with an overall rating of "Moderate Buy" from eight brokerages.
• Recent upgrades from various analysts include Royal Bank Of Canada's raise from C$33.00 to C$35.00 and National Bankshares' increase from C$34.00 to C$35.00, both with "outperform" ratings.
• Leon's Furniture shares recently traded at C$29.65 and have a market cap of C$2.04 billion, with a 12-month price range between C$20.51 and C$30.64.

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$32.50.

A number of brokerages have recently weighed in on LNF. National Bankshares lifted their price objective on Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets lifted their price objective on Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a research note on Friday, August 8th. Stifel Nicolaus lifted their price objective on Leon's Furniture from C$27.00 to C$30.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their price objective on Leon's Furniture from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Monday, August 11th.

Insider Buying and Selling at Leon's Furniture

In other news, Senior Officer John Andrew Cooney sold 4,000 shares of Leon's Furniture stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$27.51, for a total value of C$110,040.00. Insiders own 69.49% of the company's stock.

Leon's Furniture Trading Down 0.6%

TSE:LNF traded down C$0.19 on Friday, reaching C$29.91. The company's stock had a trading volume of 32,024 shares, compared to its average volume of 18,115. Leon's Furniture has a 12-month low of C$20.51 and a 12-month 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. The firm has a market cap of C$2.06 billion, a price-to-earnings ratio of 15.60 and a beta of 0.82. The stock has a 50 day moving average price of C$27.85 and a 200 day moving average price of C$25.67.

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.