Leon’s Furniture (TSE:LNF) Given a C$32.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$32.00 price objective on Leon’s Furniture (TSE:LNF) in a report released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

LNF has been the topic of a number of other research reports. National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th. CIBC set a C$29.00 price target on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leon’s Furniture currently has an average rating of “Moderate Buy” and an average target price of C$29.80.

Leon’s Furniture Stock Performance

Shares of LNF stock opened at C$25.76 on Friday. The company’s fifty day simple moving average is C$25.49 and its 200-day simple moving average is C$27.20. 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 firm has a market cap of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82. Leon’s Furniture has a 12 month low of C$20.27 and a 12 month high of C$30.64.

Insiders Place Their Bets

In other 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. Insiders own 69.49% of the company’s stock.

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.