Leon’s Furniture Limited (TSE:LNF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Leon’s Furniture Limited (TSE:LNF) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$29.00.

LNF has been the topic of several recent analyst reports. CIBC set a C$29.00 price objective on Leon’s Furniture and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Royal Bank of Canada dropped 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 research report on Thursday, February 27th. Stifel Nicolaus reduced their price objective on shares of Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Finally, National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a research report on Thursday, January 30th.

Leon’s Furniture Stock Up 0.2 %

LNF stock opened at C$23.21 on Tuesday. The firm has a market capitalization of C$1.60 billion, a PE ratio of 12.10 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. Leon’s Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64. The stock’s 50 day moving average is C$24.91 and its 200-day moving average is C$26.78.

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.