Leon's Furniture Limited (TSE:LNF) Receives C$30.00 Average Price Target from Brokerages

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$30.00.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Leon's Furniture from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of Leon's Furniture from C$28.00 to C$29.00 in a research report on Monday, May 12th.

Leon's Furniture Stock Performance

Shares of TSE LNF traded down C$0.03 during trading on Thursday, hitting C$27.67. The company had a trading volume of 660 shares, compared to its average volume of 17,975. Leon's Furniture has a 12 month low of C$20.51 and a 12 month high of C$30.64. 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 firm has a market capitalization of C$1.91 billion, a P/E ratio of 14.43 and a beta of 0.82. The stock has a 50 day simple moving average of C$25.89 and a 200 day simple moving average of C$25.05.

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.