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

Leon’s Furniture (TSE:LNF) had its price target reduced by Royal Bank of Canada from C$32.00 to C$31.00 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

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

Leon’s Furniture Stock Performance

TSE LNF opened at C$24.20 on Thursday. The firm has a market cap of C$1.67 billion, a P/E ratio of 12.62 and a beta of 0.82. Leon’s Furniture has a 52-week low of C$20.27 and a 52-week high of C$30.64. The business’s 50-day moving average price is C$25.43 and its 200 day moving average price is C$27.17. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14.

Insiders Place Their Bets

In other Leon’s Furniture 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. 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.