Leon’s Furniture (TSE:LNF) Rating Increased to Strong-Buy at National Bank Financial

Leon’s Furniture (TSE:LNF) was upgraded by research analysts at National Bank Financial to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a report on Tuesday, October 22nd. Stifel Nicolaus set a C$30.00 price objective on shares of Leon’s Furniture and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, CIBC set a C$29.00 target price on Leon’s Furniture and gave the company a “neutral” rating in a research report on Tuesday, December 17th. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$29.25.

Leon’s Furniture Stock Up 4.6 %

LNF stock opened at C$25.98 on Thursday. The company has a market capitalization of C$1.77 billion, a P/E ratio of 12.14 and a beta of 0.82. Leon’s Furniture has a 12 month low of C$20.02 and a 12 month high of C$30.64. The firm’s fifty day simple moving average is C$25.76 and its 200-day simple moving average is C$27.10. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. During the same period last year, the firm posted $0.75 earnings per share. As a group, equities research analysts forecast that Leon’s Furniture will post 2.2104466 earnings per share for the current year.

Insider Activity at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the company’s stock in a transaction on 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 currently owned by corporate insiders.

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.