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

Leon’s Furniture (TSE:LNF) has been given a C$32.00 target price by equities researchers at Royal Bank of Canada in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 24.22% from the stock’s previous close.

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

Leon’s Furniture Stock Down 0.3 %

Shares of LNF traded down C$0.09 during mid-day trading on Friday, hitting C$25.76. 20,444 shares of the company traded hands, compared to its average volume of 17,808. Leon’s Furniture has a 1-year low of C$20.27 and a 1-year high of C$30.64. The business has a 50 day moving average of C$25.50 and a 200 day moving average of C$27.21. 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 company has a market capitalization of C$1.77 billion, a PE ratio of 13.43 and a beta of 0.82.

Insiders Place Their Bets

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$26.15, for a total transaction of C$183,043.70. Insiders own 69.49% of the company’s stock.

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.