Leon's Furniture (TSE:LNF - Free Report) had its price objective trimmed by Stifel Nicolaus from C$30.00 to C$27.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Several other equities analysts have also recently commented on the stock. National Bank Financial upgraded shares of Leon's Furniture to a "strong-buy" rating in a research note on Thursday, January 30th. CIBC set a C$29.00 target price on shares of Leon's Furniture and gave the company a "neutral" rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$29.00.
Check Out Our Latest Stock Analysis on LNF
Leon's Furniture Stock Performance
TSE:LNF traded up C$0.39 during trading hours on Wednesday, hitting C$24.59. 24,694 shares of the company traded hands, compared to its average volume of 18,634. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 12.82 and a beta of 0.82. Leon's Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64. The firm has a 50-day moving average of C$25.37 and a 200 day moving average of C$27.14. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14.
Insider Activity
In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$26.15, for a total value of C$183,043.70. Corporate insiders own 69.49% of the company's stock.
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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