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

Key Points

• Leon's Furniture shares recently crossed above the 200-day moving average of C$26.46, reaching a trading high of C$28.92.
• Analysts have raised their price targets for Leon's Furniture, with estimates ranging from C$30.00 to C$35.00 and a consensus rating of "Moderate Buy."
• The company has a market capitalization of C$1.96 billion and a PE ratio of 12.26, indicating strong performance potential in the home furnishing sector.

Leon's Furniture Limited (TSE:LNF - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.46 and traded as high as C$28.92. Leon's Furniture shares last traded at C$28.70, with a volume of 9,273 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. National Bankshares increased their price objective on shares of Leon's Furniture from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of Leon's Furniture from C$27.00 to C$30.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. BMO Capital Markets raised their price target on Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their price target on Leon's Furniture from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$32.20.

Leon's Furniture Stock Up 0.3%

The stock has a market cap of C$1.96 billion, a PE ratio of 12.26 and a beta of 0.93. The business has a 50 day moving average of C$28.87 and a 200-day moving average of C$26.46. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.

Insider Buying and Selling at Leon's Furniture

In other Leon's Furniture news, Senior Officer John Andrew Cooney sold 4,000 shares of Leon's Furniture stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$27.51, for a total value of C$110,040.00. Also, insider Darci Marie Walker sold 1,100 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of C$29.00, for a total transaction of C$31,900.00. Following the completion of the sale, the insider directly owned 40,329 shares of the company's stock, valued at C$1,169,541. The trade was a 2.66% decrease in their ownership of the stock. 69.49% of the stock is owned by corporate insiders.

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.

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