Leon’s Furniture (TSE:LNF) PT Set at C$32.00 by Royal Bank of Canada

Royal Bank of Canada set a C$32.00 price objective on Leon’s Furniture (TSE:LNF) in a report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

LNF has been the topic of several other reports. 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 price objective on shares of Leon’s Furniture and gave the stock 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.80.

Leon’s Furniture Trading Down 0.3 %

LNF stock opened at C$25.76 on Friday. 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 company’s 50-day simple moving average is C$25.49 and its 200 day simple moving average is C$27.20. Leon’s Furniture has a 52 week low of C$20.27 and a 52 week high of C$30.64. The company has a market capitalization of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82.

Insiders Place Their Bets

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the stock in a transaction dated 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

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.