Leon’s Furniture (TSE:LNF) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Leon’s Furniture Limited (TSE:LNF)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.97 and traded as high as C$28.65. Leon’s Furniture shares last traded at C$28.01, with a volume of 19,592 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Leon’s Furniture from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. BMO Capital Markets boosted their price target on Leon’s Furniture from C$29.00 to C$32.00 and gave the company a “market perform” rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on Leon’s Furniture from C$27.00 to C$30.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Finally, National Bankshares boosted their price target on Leon’s Furniture from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$32.20.

Leon’s Furniture Price Performance

The company has a 50 day moving average price of C$29.21 and a 200-day moving average price of C$26.97. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of 11.97 and a beta of 0.80.

Insider Activity

In other news, insider Darci Marie Walker sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$29.00, for a total value of C$31,900.00. Following the completion of the transaction, the insider owned 40,329 shares of the company’s stock, valued at C$1,169,541. This represents a 2.66% decrease in their ownership of the stock. 69.49% of the stock is 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.