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

Leon's Furniture Limited (TSE:LNF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$30.25.

LNF has been the subject of several research reports. National Bank Financial raised shares of Leon's Furniture to a "strong-buy" rating in a report on Thursday, January 30th. Royal Bank of Canada cut their target price on shares of Leon's Furniture from C$32.00 to C$31.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price target on shares of Leon's Furniture from C$30.00 to C$27.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th.

Insiders Place Their Bets

In other Leon's Furniture news, Senior Officer John Andrew Cooney sold 3,300 shares of Leon's Furniture stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$23.74, for a total value of C$78,354.87. Company insiders own 69.49% of the company's stock.

Leon's Furniture Stock Performance

Shares of LNF traded up C$0.28 during mid-day trading on Wednesday, hitting C$25.28. 1,325 shares of the company traded hands, compared to its average volume of 19,135. 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 has a 50-day moving average price of C$23.13 and a two-hundred day moving average price of C$24.98. Leon's Furniture has a 1 year low of C$20.51 and a 1 year high of C$30.64. The stock has a market cap of C$1.74 billion, a price-to-earnings ratio of 13.18 and a beta of 0.82.

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.