BMO Capital Markets Raises Leon’s Furniture (TSE:LNF) Price Target to C$29.00

Leon’s Furniture (TSE:LNF) had its target price hoisted by BMO Capital Markets from C$28.00 to C$29.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on LNF. Stifel Nicolaus cut their price target on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. National Bank Financial upgraded shares of Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reduced their target price on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$30.00.

Leon’s Furniture Stock Performance

Shares of LNF opened at C$25.06 on Monday. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. Leon’s Furniture has a one year low of C$20.51 and a one year high of C$30.64. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 13.07 and a beta of 0.82. The business has a fifty day moving average of C$23.15 and a 200 day moving average of C$24.96.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,300 shares of Leon’s Furniture stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$23.74, for a total transaction of C$78,354.87. Corporate insiders own 69.49% of the company’s stock.

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.