John Andrew Cooney Sells 3,300 Shares of Leon’s Furniture Limited (TSE:LNF) Stock

Leon’s Furniture Limited (TSE:LNF) Senior Officer John Andrew Cooney sold 3,300 shares of Leon’s Furniture stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$23.74, for a total transaction of C$78,354.87.

Leon’s Furniture Price Performance

TSE:LNF opened at C$23.67 on Wednesday. Leon’s Furniture Limited has a 52-week low of C$20.27 and a 52-week high of C$30.64. The stock has a fifty day moving average of C$24.59 and a 200 day moving average of C$26.36. The company has a debt-to-equity ratio of 38.14, a quick ratio of 0.53 and a current ratio of 1.38. The firm has a market capitalization of C$1.63 billion, a price-to-earnings ratio of 12.34 and a beta of 0.82.

Wall Street Analyst Weigh In

Several research analysts recently commented on LNF shares. National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. Stifel Nicolaus cut their price target on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada decreased 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 research note on Thursday, February 27th. Finally, CIBC set a C$29.00 target price on Leon’s Furniture and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Three investment 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. According to MarketBeat, Leon’s Furniture presently has an average rating of “Moderate Buy” and a consensus price target of C$29.00.

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.