Leon's Furniture (TSE:LNF - Free Report) had its price target decreased by Royal Bank of Canada from C$32.00 to C$31.00 in a report published on Thursday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
LNF has been the topic of a number of other reports. CIBC set a C$29.00 price target on Leon's Furniture and gave the stock a "neutral" rating in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their target price on Leon's Furniture from C$30.00 to C$27.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Finally, National Bank Financial upgraded Leon's Furniture to a "strong-buy" rating in a research note on Thursday, January 30th. 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 to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$29.00.
Check Out Our Latest Stock Analysis on LNF
Leon's Furniture Stock Performance
Shares of LNF traded up C$0.17 during mid-day trading on Thursday, hitting C$24.76. 14,968 shares of the company traded hands, compared to its average volume of 18,546. Leon's Furniture has a 1 year low of C$20.27 and a 1 year 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. The stock has a 50-day moving average price of C$25.37 and a two-hundred day moving average price of C$27.14. The stock has a market cap of C$1.71 billion, a price-to-earnings ratio of 12.91 and a beta of 0.82.
Insider Buying and Selling
In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the 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 transaction of C$183,043.70. 69.49% of the stock is currently owned by company insiders.
About Leon's Furniture
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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.
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