Leon's Furniture Limited (TSE:LNF) Receives Consensus Rating of "Moderate Buy" from Analysts

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.

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$32.20.

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on Leon's Furniture from C$27.00 to C$30.00 and gave the company a "hold" rating in a report on Friday, August 8th. National Bankshares raised their target price on Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Royal Bank Of Canada raised their target price 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, BMO Capital Markets raised their target price on Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a report on Friday, August 8th.

Insider Activity

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 transaction of C$110,040.00. 69.49% of the stock is owned by company insiders.

Leon's Furniture Stock Performance

TSE:LNF traded up C$0.60 during midday trading on Tuesday, reaching C$29.26. The stock had a trading volume of 52,239 shares, compared to its average volume of 18,846. The firm has a fifty day simple moving average of C$28.61 and a two-hundred day simple moving average of C$26.17. Leon's Furniture has a 12-month low of C$20.51 and a 12-month high of C$30.80. 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 stock has a market cap of C$2.00 billion, a P/E ratio of 12.50 and a beta of 0.93.

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.