Leon's Furniture Limited (TSE:LNF) Receives C$32.50 Consensus Price Target from Analysts

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 given an average rating of "Moderate Buy" by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$32.50.

A number of analysts have weighed in on LNF shares. Royal Bank Of Canada upped their price target on Leon's Furniture from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. National Bankshares upped their price target on Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. BMO Capital Markets increased 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 report on Friday, August 8th. Finally, Stifel Nicolaus increased their target price on Leon's Furniture from C$27.00 to C$30.00 and gave the stock a "hold" rating in a report on Friday, August 8th.

Leon's Furniture Stock Performance

Shares of LNF traded up C$0.23 on Friday, reaching C$29.65. 26,836 shares of the stock traded hands, compared to its average volume of 17,487. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of 15.46 and a beta of 0.82. 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 12 month low of C$20.51 and a 12 month high of C$30.64. The stock's 50-day moving average price is C$27.81 and its 200-day moving average price is C$25.63.

Insiders Place Their Bets

In other Leon's Furniture news, Senior Officer John Andrew Cooney sold 4,000 shares of the stock in a transaction dated 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.

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.