Royal Bank Of Canada Lowers Leon’s Furniture (TSE:LNF) Price Target to C$32.00

Leon’s Furniture (TSE:LNF) had its price target cut by investment analysts at Royal Bank Of Canada from C$33.00 to C$32.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 35.54% from the stock’s current price.

LNF has been the subject of several other reports. National Bank Financial reduced their price target on Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating for the company in a report on Monday. Stifel Nicolaus decreased their target price on shares of Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Leon’s Furniture presently has an average rating of “Moderate Buy” and a consensus target price of C$30.88.

Leon’s Furniture Stock Performance

TSE:LNF traded down C$0.01 during midday trading on Monday, reaching C$23.61. The stock had a trading volume of 27,664 shares, compared to its average volume of 23,326. Leon’s Furniture has a 12-month low of C$23.24 and a 12-month high of C$30.80. The stock has a market cap of C$1.63 billion, a P/E ratio of 10.49 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 1.59 and a debt-to-equity ratio of 38.38. The firm has a fifty day simple moving average of C$24.23 and a two-hundred day simple moving average of C$25.72.

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.51 earnings per share (EPS) for the quarter. The business had revenue of C$631.29 million for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. On average, equities analysts expect that Leon’s Furniture will post 2.2104466 EPS for the current year.

Insider Activity at Leon’s Furniture

In other news, insider Darci Marie Walker acquired 1,500 shares of Leon’s Furniture stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$24.00 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the insider owned 2,500 shares in the company, valued at C$60,000. This trade represents a 150.00% increase in their position. Also, insider Lewis Mark Leon bought 1,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of C$24.40 per share, for a total transaction of C$36,600.00. Following the completion of the transaction, the insider owned 116,026 shares of the company’s stock, valued at C$2,831,034.40. This represents a 1.31% increase in their position. Insiders purchased a total of 4,320 shares of company stock valued at $104,915 over the last ninety days. 69.49% of the stock is currently owned by company insiders.

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.