Leon’s Furniture Limited (TSE:LNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Leon’s Furniture Limited (TSE:LNF) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$29.25.

Several research analysts have commented on the company. Royal Bank of Canada set a C$32.00 price target on Leon’s Furniture and gave the stock an “outperform” rating in a research report on Friday. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, CIBC set a C$29.00 price target on Leon’s Furniture and gave the stock a “neutral” rating in a research report on Tuesday, December 17th.

Leon’s Furniture Stock Down 0.3 %

Shares of TSE LNF traded down C$0.09 during midday trading on Friday, hitting C$25.76. 20,444 shares of the company’s stock were exchanged, compared to its average volume of 17,808. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. Leon’s Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64. The company has a market cap of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82. The firm’s fifty day simple moving average is C$25.50 and its 200-day simple moving average is C$27.21.

Insider Buying and Selling at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of Leon’s Furniture stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$26.15, for a total value of C$183,043.70. 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.