Leon’s Furniture (TSE:LNF) Raised to “Strong-Buy” at National Bank Financial

Leon’s Furniture (TSE:LNF) was upgraded by equities researchers at National Bank Financial to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on LNF. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus set a C$30.00 price target on Leon’s Furniture and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, 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. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$29.25.

Leon’s Furniture Price Performance

Shares of LNF opened at C$25.98 on Thursday. The firm has a market cap of C$1.77 billion, a PE ratio of 12.14 and a beta of 0.82. Leon’s Furniture has a 52-week low of C$20.02 and a 52-week high of C$30.64. The business’s 50 day moving average price is C$25.76 and its two-hundred day moving average price is C$27.10. The company has a debt-to-equity ratio of 41.88, a quick ratio of 0.53 and a current ratio of 1.42.

Leon’s Furniture (TSE:LNF) last released its earnings results on Thursday, November 7th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). Leon’s Furniture had a net margin of 5.84% and a return on equity of 14.68%. During the same quarter last year, the company posted $0.75 EPS. On average, equities analysts anticipate that Leon’s Furniture will post 2.2104466 EPS for the current year.

Insider Activity at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$26.15, for a total value of C$183,043.70. 69.49% of the stock is owned by insiders.

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.