Leon's Furniture Limited (TSE:LNF) Receives C$32.20 Consensus Target Price from Brokerages

Key Points

• Leon's Furniture Limited has been rated as a "Moderate Buy" by analysts, with an average price target of C$32.20 based on recent reports from seven rating firms.
• Royal Bank of Canada raised its target price from C$33.00 to C$35.00 while assigning an "outperform" rating, reflecting confidence in the company's performance.
• Despite recent insider selling activities, where a Senior Officer sold 4,000 shares, insiders still hold a significant 69.49% ownership stake in the company.

Leon's Furniture Limited (TSE:LNF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$32.20.

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

Insider Activity at Leon's Furniture

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

Leon's Furniture Trading Up 2.1%

LNF traded up C$0.60 during midday trading on Tuesday, reaching C$29.26. 52,239 shares of the company were exchanged, compared to its average volume of 18,846. The stock has a market capitalization of C$2.00 billion, a P/E ratio of 12.50 and a beta of 0.93. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The stock's 50-day simple moving average is C$28.66 and its 200 day simple moving average is C$26.23. Leon's Furniture has a one year low of C$20.51 and a one year high of C$30.80.

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.