Leon’s Furniture Limited (TSE:LNF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Leon’s Furniture Limited (TSE:LNF) have been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$29.25.

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

Insider Buying and Selling at Leon’s Furniture

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

Leon’s Furniture Price Performance

Shares of TSE LNF traded down C$0.09 during trading on Friday, reaching C$25.76. The company had a trading volume of 20,444 shares, compared to its average volume of 17,808. Leon’s Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64. The stock has a market capitalization of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82. The stock has a 50-day moving average price of C$25.50 and a two-hundred day moving average price of C$27.21. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.

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.