Leon's Furniture (TSE:LNF) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Leon's Furniture shares surpassed their 200-day moving average of C$25.80, reaching a high of C$30.80 during trading, with the last recorded price at C$30.48.
• Several analysts have raised their target prices for Leon's Furniture, with National Bankshares and Royal Bank of Canada both setting targets at C$35.00 and a consensus target of C$32.20, indicating a Moderate Buy rating.
• The company has seen significant insider activity, with Senior Officer John Andrew Cooney selling 4,000 shares at an average price of C$27.51, while insiders own 69.49% of the stock.

Leon's Furniture Limited (TSE:LNF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.80 and traded as high as C$30.80. Leon's Furniture shares last traded at C$30.48, with a volume of 37,897 shares.

Analyst Ratings Changes

LNF has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on 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. Stifel Nicolaus boosted their price target on Leon's Furniture from C$27.00 to C$30.00 and gave the company a "hold" rating in a research note on Friday, August 8th. BMO Capital Markets lifted their target price 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, August 8th. Finally, National Bankshares lifted their target price on Leon's Furniture from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Leon's Furniture has an average rating of "Moderate Buy" and an average price target of C$32.20.

Leon's Furniture Stock Down 0.1%

The firm has a market cap of C$2.06 billion, a PE ratio of 15.62 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The stock has a fifty day simple moving average of C$28.19 and a two-hundred day simple moving average of C$25.89.

Insider Activity

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 transaction of C$110,040.00. Company 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.