National Bankshares Issues Positive Forecast for Leon's Furniture (TSE:LNF) Stock Price

Key Points

• National Bankshares has raised its price target for Leon's Furniture from C$34.00 to C$35.00, indicating an 18.76% upside from its previous close.
• The stock currently holds an average rating of “Moderate Buy” with an average target price of C$31.83, according to multiple research firms.
• Leon's Furniture's stock performance shows a recent trading increase, with shares reaching C$29.47 on Friday, up from a one-year low of C$20.51.

Leon's Furniture (TSE:LNF - Get Free Report) had its price target lifted by research analysts at National Bankshares from C$34.00 to C$35.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 24.11% from the company's current price.

Several other analysts also recently weighed in on the company. Stifel Nicolaus boosted their price objective 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. BMO Capital Markets upped their price target on Leon's Furniture from C$29.00 to C$32.00 and gave the stock a "market perform" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Leon's Furniture currently has an average rating of "Moderate Buy" and an average price target of C$32.50.

Leon's Furniture Price Performance

TSE LNF traded down C$0.26 during trading hours on Friday, hitting C$28.20. The company had a trading volume of 9,890 shares, compared to its average volume of 17,184. Leon's Furniture has a 52 week low of C$20.51 and a 52 week high of C$30.64. The firm has a 50 day simple moving average of C$27.72 and a 200 day simple moving average of C$25.50. 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$1.94 billion, a price-to-earnings ratio of 14.70 and a beta of 0.82.

Insiders Place Their Bets

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

Leon's Furniture Company Profile

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.