Leon's Furniture (TSE:LNF - Get Free Report) was upgraded by research analysts at National Bank Financial to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.
Other equities analysts have also issued reports about the company. Stifel Canada upgraded Leon's Furniture to a "hold" rating in a research note on Tuesday, October 22nd. CIBC set a C$29.00 price target on shares of Leon's Furniture and gave the company a "neutral" rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus set a C$30.00 target price on shares of Leon's Furniture and gave the company a "hold" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$29.25.
View Our Latest Report on LNF
Leon's Furniture Stock Up 4.1 %
TSE LNF traded up C$1.01 during trading on Thursday, hitting C$25.78. 28,400 shares of the company traded hands, compared to its average volume of 19,062. Leon's Furniture has a 12 month low of C$20.02 and a 12 month high of C$30.64. The business has a fifty day simple moving average of C$25.72 and a 200 day simple moving average of C$27.14. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. The company has a market capitalization of C$1.76 billion, a P/E ratio of 12.05 and a beta of 0.82.
Leon's Furniture (TSE:LNF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.54 EPS for the quarter, missing analysts' consensus estimates of C$0.55 by C($0.01). Leon's Furniture had a return on equity of 14.68% and a net margin of 5.84%. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that Leon's Furniture will post 2.2104466 EPS for the current year.
Insider Activity
In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were 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 corporate 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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