Leon’s Furniture Limited (TSE:LNF) Receives C$29.00 Consensus PT from Analysts

Shares of Leon’s Furniture Limited (TSE:LNF) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$29.00.

A number of brokerages have recently commented on LNF. CIBC set a C$29.00 price objective on Leon’s Furniture and gave the company a “neutral” rating in a report on Tuesday, December 17th. Stifel Nicolaus lowered 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 report on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th.

Leon’s Furniture Stock Down 0.0 %

LNF opened at C$23.73 on Tuesday. Leon’s Furniture has a fifty-two week low of C$20.27 and a fifty-two week high of C$30.64. The business has a 50-day moving average of C$24.79 and a 200-day moving average of C$26.67. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. The company has a market capitalization of C$1.63 billion, a PE ratio of 12.37 and a beta of 0.82.

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.