Leon’s Furniture Limited (TSE:LNF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Leon’s Furniture Limited (TSE:LNF) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. 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 company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$29.00.

LNF has been the topic of a number of research reports. National Bank Financial upgraded Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada lowered 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. CIBC set a C$29.00 price objective on shares of Leon’s Furniture and gave the stock a “neutral” rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus lowered their target price on shares of 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.

Leon’s Furniture Stock Performance

Shares of LNF opened at C$23.21 on Tuesday. Leon’s Furniture has a 1 year low of C$20.27 and a 1 year high of C$30.64. 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 stock’s fifty day moving average price is C$24.91 and its two-hundred day moving average price is C$26.78. The firm has a market cap of C$1.60 billion, a PE ratio of 12.10 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.