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

Key Points

• Technical signal: Leon's shares crossed below their 200‑day moving average (C$28.58), trading as low as C$26.22 and last at C$26.90 on volume of 20,476 shares.
• Analyst view: The consensus is a "Moderate Buy" with an average price target of C$33.00 (two Buys, two Holds); recent upgrades include CIBC to C$32 and National Bank to C$36 with an "Outperform" rating.
• Fundamentals and insider activity: Market cap C$1.85B, P/E 11.75, debt/equity 63.87 and current ratio 1.57; insiders hold 69.49% and one insider sold 2,200 shares at C$28.00.

Leon's Furniture Limited (TSE:LNF - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.58 and traded as low as C$26.22. Leon's Furniture shares last traded at C$26.90, with a volume of 20,476 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LNF shares. Canadian Imperial Bank of Commerce raised their price objective on Leon's Furniture from C$31.00 to C$32.00 in a research report on Monday, November 10th. National Bank Financial increased their price target on shares of Leon's Furniture from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Leon's Furniture has an average rating of "Moderate Buy" and an average price target of C$33.00.

Leon's Furniture Stock Performance

The business has a 50-day moving average price of C$28.13 and a 200-day moving average price of C$28.58. The company has a quick ratio of 0.53, a current ratio of 1.57 and a debt-to-equity ratio of 63.87. The firm has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 11.75 and a beta of 0.98.

Insiders Place Their Bets

In other Leon's Furniture news, insider John Andrew Cooney sold 2,200 shares of the firm's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of C$28.00, for a total value of C$61,600.00. Following the completion of the sale, the insider owned 52,274 shares of the company's stock, valued at approximately C$1,463,672. This trade represents a 4.04% decrease in their ownership of the stock. Corporate insiders own 69.49% of the company's stock.

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.

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