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Leon's Furniture (TSE:LNF) Price Target Raised to C$32.00

Leon's Furniture logo with Consumer Cyclical background

Key Points

  • BMO Capital Markets has raised the price target for Leon's Furniture from C$29.00 to C$32.00, indicating a potential upside of 8.59% based on the company's previous close.
  • Leon's Furniture stock increased by 4.5% during midday trading, reaching C$29.47, well above its fifty-day moving average of C$27.68.
  • Corporate insiders own 69.49% of the company's stock, with Senior Officer John Andrew Cooney recently selling 4,000 shares.
  • Need better tools to track Leon's Furniture? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Leon's Furniture (TSE:LNF - Get Free Report) had its target price boosted by equities researchers at BMO Capital Markets from C$29.00 to C$32.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 13.48% from the stock's previous close.

Leon's Furniture Stock Performance

TSE LNF traded down C$0.26 during trading hours on Friday, hitting C$28.20. 9,890 shares of the stock were exchanged, compared to its average volume of 17,184. 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 50-day moving average of C$27.72 and a 200 day moving average of C$25.50. 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 market cap of C$1.94 billion, a price-to-earnings ratio of 14.70 and a beta of 0.82.

Insider Activity

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

About Leon's Furniture

(Get Free Report)

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.

See Also

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