Leon’s Furniture (TSE:LNF) Given New C$31.00 Price Target at Royal Bank of Canada

Leon’s Furniture (TSE:LNF) had its target price reduced by analysts at Royal Bank of Canada from C$32.00 to C$31.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 25.71% from the stock’s current price.

LNF has been the topic of a number of other research reports. Stifel Nicolaus dropped their price target on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Wednesday. National Bank Financial upgraded shares of Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, CIBC set a C$29.00 price target on shares of Leon’s Furniture and gave the company a “neutral” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$29.00.

Leon’s Furniture Stock Up 0.3 %

Shares of TSE:LNF opened at C$24.66 on Thursday. Leon’s Furniture has a 12-month low of C$20.27 and a 12-month high of C$30.64. The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 12.86 and a beta of 0.82. The stock has a fifty day simple moving average of C$25.43 and a two-hundred day simple moving average of C$27.17. 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 Leon’s Furniture news, Senior Officer John Andrew Cooney sold 7,000 shares of the business’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. 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.