Leon’s Furniture (TSE:LNF) Price Target Lowered to C$31.00 at Royal Bank of Canada

Leon’s Furniture (TSE:LNF) had its price objective cut by Royal Bank of Canada from C$32.00 to C$31.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. CIBC set a C$29.00 price objective on Leon’s Furniture and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Leon’s Furniture currently has a consensus rating of “Moderate Buy” and an average price target of C$29.00.

Leon’s Furniture Stock Performance

TSE:LNF opened at C$24.20 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 38.14. The company has a market capitalization of C$1.67 billion, a P/E ratio of 12.62 and a beta of 0.82. The firm has a 50-day moving average price of C$25.43 and a two-hundred day moving average price of C$27.17. Leon’s Furniture has a twelve month low of C$20.27 and a twelve month high of C$30.64.

Insiders Place Their Bets

In other Leon’s Furniture news, Senior Officer John Andrew Cooney sold 7,000 shares of the firm’s stock in a transaction dated 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 corporate insiders.

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.