Leon’s Furniture (TSE:LNF) Price Target Raised to C$36.00

Leon’s Furniture (TSE:LNF) had its price objective increased by National Bank Financial from C$35.00 to C$36.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Canadian Imperial Bank of Commerce increased their price target on Leon’s Furniture from C$31.00 to C$32.00 in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Leon’s Furniture Stock Performance

Shares of TSE:LNF opened at C$27.71 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 0.53 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$30.80. The stock has a market capitalization of C$1.91 billion, a P/E ratio of 10.95 and a beta of 0.94. The business has a 50-day moving average price of C$28.28 and a two-hundred day moving average price of C$28.67.

Leon’s Furniture (TSE:LNF) last issued its earnings results on Thursday, November 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$678.63 million for the quarter. Leon’s Furniture had a net margin of 5.24% and a return on equity of 12.54%. Equities analysts predict that Leon’s Furniture will post 2.2104466 earnings per share for the current year.

Insider Buying and Selling at Leon’s Furniture

In other news, insider John Andrew Cooney sold 2,200 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$28.00, for a total value of C$61,600.00. Following the completion of the transaction, the insider owned 52,274 shares of the company’s stock, valued at C$1,463,672. The trade was a 4.04% decrease in their position. 69.49% of the stock is currently owned by corporate 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.