Leon’s Furniture (TSE:LNF) Given a C$30.00 Price Target by Stifel Nicolaus Analysts

Leon’s Furniture (TSE:LNF) received a C$30.00 target price from equities researchers at Stifel Nicolaus in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 7.95% from the stock’s previous close.

Separately, Acumen Capital set a C$34.00 price objective on shares of Leon’s Furniture and gave the stock a “buy” rating in a research report on Wednesday, August 21st.

Leon’s Furniture Price Performance

TSE LNF traded down C$1.11 on Wednesday, hitting C$27.79. The company had a trading volume of 35,065 shares, compared to its average volume of 18,524. The company’s fifty day moving average price is C$29.18 and its 200-day moving average price is C$25.12. Leon’s Furniture has a 12-month low of C$16.46 and a 12-month high of C$30.64. The company has a market capitalization of C$1.89 billion, a PE ratio of 12.99 and a beta of 0.82. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share (EPS) for the quarter. The company had revenue of C$617.66 million for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. As a group, analysts predict that Leon’s Furniture will post 2.2104466 earnings per share for the current year.

Insider Buying and Selling at Leon’s Furniture

In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$30.00, for a total transaction of C$114,000.00. 69.49% of the stock is currently owned by corporate insiders.

Leon’s Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.