Leon's Furniture Limited (TSE:LNF) Given Average Rating of "Moderate Buy" by Analysts

Shares of Leon's Furniture Limited (TSE:LNF - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$29.00.

A number of brokerages have recently commented on LNF. CIBC set a C$29.00 target price on shares of Leon's Furniture and gave the company a "neutral" rating in a report on Tuesday, December 17th. Stifel Nicolaus dropped their price objective on shares of Leon's Furniture from C$30.00 to C$27.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada cut their price objective on shares of Leon's Furniture from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, National Bank Financial upgraded shares of Leon's Furniture to a "strong-buy" rating in a report on Thursday, January 30th.

Leon's Furniture Stock Up 0.7 %

Shares of TSE LNF traded up C$0.17 during mid-day trading on Tuesday, hitting C$23.90. 46,137 shares of the stock traded hands, compared to its average volume of 19,236. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of 12.46 and a beta of 0.82. The stock has a fifty day moving average price of C$24.79 and a 200-day moving average price of C$26.67. Leon's Furniture has a 52 week low of C$20.27 and a 52 week high of C$30.64. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38.

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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.