Leon’s Furniture (TSE:LNF) PT Set at C$29.00 by CIBC

CIBC set a C$29.00 price objective on Leon’s Furniture (TSE:LNF) in a report published on Tuesday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus set a C$30.00 price target on shares of Leon’s Furniture and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Acumen Capital set a C$34.00 price target on Leon’s Furniture and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Stifel Canada upgraded Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd.

Leon’s Furniture Trading Up 1.0 %

Leon’s Furniture stock opened at C$25.75 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The stock has a market cap of C$1.76 billion, a PE ratio of 12.03 and a beta of 0.82. The stock has a 50-day moving average price of C$27.35 and a 200 day moving average price of C$26.49. Leon’s Furniture has a 52 week low of C$18.16 and a 52 week high of C$30.64.

Leon’s Furniture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 3.11%. Leon’s Furniture’s dividend payout ratio (DPR) is currently 37.38%.

Insider Activity at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of Leon’s Furniture stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$26.15, for a total transaction of C$183,043.70. 69.49% of the stock is currently owned by company insiders.

About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.