Stifel Nicolaus Has Lowered Expectations for Leon’s Furniture (TSE:LNF) Stock Price

Leon’s Furniture (TSE:LNF) had its price target lowered by equities researchers at Stifel Nicolaus from C$30.00 to C$27.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.57% from the company’s previous close.

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

Leon’s Furniture Trading Down 1.9 %

Leon’s Furniture stock opened at C$24.20 on Wednesday. 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 cap of C$1.67 billion, a price-to-earnings ratio of 12.62 and a beta of 0.82. Leon’s Furniture has a 1 year low of C$20.27 and a 1 year high of C$30.64. The firm’s 50 day moving average price is C$25.43 and its two-hundred day moving average price is C$27.17.

Insider Buying and Selling

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

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.