Analysts Set Leon’s Furniture Limited (TSE:LNF) Target Price at C$29.00

Shares of Leon’s Furniture Limited (TSE:LNF) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$29.00.

A number of brokerages have commented on LNF. CIBC set a C$29.00 price target on Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their price target on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th.

Leon’s Furniture Price Performance

LNF stock opened at C$23.71 on Tuesday. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The firm has a market cap of C$1.63 billion, a P/E ratio of 12.36 and a beta of 0.82. The firm’s fifty day moving average is C$24.74 and its 200 day moving average is C$26.57. Leon’s Furniture has a 52 week low of C$20.27 and a 52 week high of C$30.64.

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.