Stifel Nicolaus Forecasts Strong Price Appreciation for Leon's Furniture (TSE:LNF) Stock

Key Points

• Stifel Nicolaus has raised Leon's Furniture's price target from C$27.00 to C$30.00, maintaining a "hold" rating, which indicates a potential upside of 1.80% from the current stock price.
• BMO Capital Markets also increased their price objective for Leon's Furniture from C$29.00 to C$32.00, with a "market perform" rating.
• Leon's Furniture shares traded up 4.5% to C$29.47, with notable insider activity as a senior officer sold 4,000 shares recently.

Leon's Furniture (TSE:LNF - Free Report) had its price target boosted by Stifel Nicolaus from C$27.00 to C$30.00 in a report published on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Separately, BMO Capital Markets boosted their price objective on shares of Leon's Furniture from C$29.00 to C$32.00 and gave the company a "market perform" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$32.50.

Leon's Furniture Trading Down 0.9%

Shares of Leon's Furniture stock traded down C$0.26 during trading on Friday, hitting C$28.20. The stock had a trading volume of 9,890 shares, compared to its average volume of 17,184. The stock has a 50 day simple moving average of C$27.72 and a 200 day simple moving average of C$25.50. The company has a market capitalization of C$1.94 billion, a PE ratio of 14.70 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. Leon's Furniture has a 1 year low of C$20.51 and a 1 year high of C$30.64.

Insider Buying and Selling at Leon's Furniture

In related news, Senior Officer John Andrew Cooney sold 4,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of C$27.51, for a total value of C$110,040.00. Corporate 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.