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

Key Points

• Leon's Furniture Limited has received a consensus rating of "Moderate Buy" from analysts, with a projected 12-month target price averaging C$32.20.
• Recent price targets have been raised by various analysts, with National Bankshares and Royal Bank Of Canada both setting targets at C$35.00, indicating confidence in the stock's performance.
• The company has a market capitalization of C$2.00 billion and a current ratio of 1.38, reflecting its financial stability and capacity to cover short-term liabilities.

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

LNF has been the topic of a number of recent analyst reports. National Bankshares increased their price target on shares of 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. Stifel Nicolaus increased 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 report on Friday, August 8th. BMO Capital Markets increased their price target on shares of 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, Royal Bank Of Canada increased their price objective on shares of 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.

Leon's Furniture Stock Performance

Shares of TSE LNF opened at C$29.29 on Friday. The company's fifty day moving average price is C$29.07 and its 200 day moving average price is C$26.73. Leon's Furniture has a 1 year low of C$20.51 and a 1 year high of C$30.80. The company has a market capitalization of C$2.00 billion, a PE ratio of 12.52 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.

Insider Transactions at Leon's Furniture

In other Leon's Furniture news, insider Darci Marie Walker sold 1,100 shares of the 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 transaction, the insider directly owned 40,329 shares of the company's stock, valued at C$1,169,541. This trade represents a 2.66% decrease in their ownership of the stock. 69.49% of the stock is currently owned by insiders.

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.

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