Leon's Furniture (TSE:LNF) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Leon's Furniture's stock surpassed its 200-day moving average, trading at C$29.86, which indicates potential upward momentum.
• Analysts have raised their price targets for Leon's Furniture, with estimates ranging from C$30.00 to C$35.00, reflecting a consensus rating of "Moderate Buy."
• Insider ownership remains high, with 69.49% of the stock owned by insiders, indicating strong confidence in the company's direction.

Leon's Furniture Limited (TSE:LNF - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.98 and traded as high as C$30.20. Leon's Furniture shares last traded at C$29.86, with a volume of 17,845 shares trading hands.

Analyst Upgrades and Downgrades

LNF has been the subject of a number of recent analyst reports. National Bankshares increased their price objective on Leon's Furniture from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. BMO Capital Markets boosted 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 report on Friday, August 8th. Stifel Nicolaus increased their price target on 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. Finally, Royal Bank Of Canada raised their price target 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. One investment 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. Based on data from MarketBeat.com, Leon's Furniture currently has an average rating of "Moderate Buy" and an average target price of C$32.20.

Leon's Furniture Trading Up 0.1%

The stock has a market capitalization of C$2.02 billion, a P/E ratio of 12.68 and a beta of 0.86. The business has a 50 day simple moving average of C$28.42 and a 200-day simple moving average of C$26.03. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38.

Insider Transactions at Leon's Furniture

In related news, Senior Officer John Andrew Cooney sold 4,000 shares of Leon's Furniture stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$27.51, for a total transaction of C$110,040.00. 69.49% of the stock is currently owned by 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.